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PRICE:                                    $3,950,000

UNITS:                                             64

BEDROOMS:                                 134

AVERAGE RENT:                   $762/Mo.

NO. of BLDGS:                                4

YEAR BUILT:                        1971 & 1985

West Dean & Good Hope

Milwaukee, Wisconsin


​Featured Listing


West Dean & Good Hope Apartments is an opportunity to purchase 64-units in a stable Milwaukee submarket, with extensive recent updates. Having completed the majority of the exteriors and roofs, high-efficiency HVAC, and modernized LED lighting, the operating costs will be dramatically reduced for the next owners, while revenues should continue to increase due to the significant interior updates.

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Good Hope Apartments

  A 40-unit apartment property that consists of two 2-story buildings, built in 1971 and 1985. Each apartment has a fully-equipped kitchen appliance package, spacious floor plans and a patio or balcony. The buildings have pitched asphalt shingle roofs, brick and vinyl siding, attractive landscaping, ample parking and coin-operated laundry (leased) on each floor. The building built in 1971 is heated via electric base board heat & cooled by sleeve A/C units. The other building has central heat and A/C by forced air “Magic Paks”. Both roofs have been replaced since 2008. Good Hope features a mix of 2 & 3-bedroom apartments in which tenants pay heat, hot water, electricity, cable and internet. Rent includes trash removal, water & sewer. 

West Dean Apartments

 A 24-unit apartment property with extensive renovations in two nearly identical 12-unit buildings. They both sit on 1.32 acres of land and were originally built in 1976. West Dean Apartments has wood frame construction, brick & vinyl exterior, pitched asphalt shingle roofs, full basements with coin-operated laundry (leased), attractive landscaping and ample parking. The property has undergone extensive capital improvements including new roofs (2013), gutters (2013), boilers (2014), and windows & siding (2014). 11 apartments have had completely updated kitchens with new cabinets, flooring and appliances. The combination of these recent updates and internal rent upside offers the next owner a turnkey property with increasing cash flows. Each apartment is a spacious 2 bedroom layout, in which tenants pay for electricity, cable and internet. Rent includes heat, hot water, trash removal, water & sewer. 

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