This pristine, 4-unit multifamily property is true turnkey condition with ZERO deferred maintenance. Great location on a corner lot in a safe neighborhood. This investment property is comprised of four (4) 2-Bedroom/1-Bathroom units, with a combined total of 3,200 sq ft of livable area and 4,000 sq ft of total gross area. The property has been meticulously maintained and features well-manicured grounds, 4 off-street surface parking spaces, shed, patio & fence. Renovated: 2019. Updated top to bottom. Gross Rent = $56,640 NOI = $43,522, Cap Rate = 7.08%; List Price = $614,900
Closed
$615,000
7421 West Fernwood CIRCLE, Milwaukee, WI 53219
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1958
-- sqft lot
$686,600 Zestimate®
$--/sqft
$937 Estimated rent
Home value
$686,600
$632,000 - $742,000
$937/mo
Zestimate® history
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$4,134/mo
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Well-manicured grounds
Zillow last checked:
Listing updated:
Listed by:
Matthew Trenkle 414-446-3350,
Standard Real Estate Services, LLC
Bought with:
Nikolia Zarmakoupis
Source: WIREX MLS,MLS#: 1841719
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Heating
- Natural Gas, Forced Air
Appliances
- Included: Dryer, Washer, Seller Owned: Water Heater
Features
- Basement: Full
- Has fireplace: No
Property
Parking
- Parking features: Outdoor Space, Inside Parking, Outside
Lot
- Size: 10,018 Square Feet
Details
- Parcel number: 5281116000
- Zoning: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Partial-Brick, Partial-Vinyl
Condition
- 21+ Years
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Milwaukee
- Municipality: Milwaukee
Financial & listing details
- Tax assessed value: $360,400
- Annual tax amount: $7,319
- Date on market: 7/11/2023
- Inclusions: 15 Newer Appliances, Three Washers, Three Dryers, Four Refrigerators, Four Ranges, One Snow Blower, One Lawnmower, One Trimmer, One Blower
- Exclusions: Seller's Personal Property
Price history
| Date | Event | Price |
|---|---|---|
| 8/16/2023 | Sold | $615,000+0% |
Source:  WIREX MLS #1841719 Report a problem | ||
| 7/17/2023 | Contingent | $614,900 |
Source: WIREX MLS #1841719 Report a problem | ||
| 7/13/2023 | Listed for sale | $614,900 |
Source: WIREX MLS #1841719 Report a problem | ||
| 7/13/2023 | Contingent | $614,900 |
Source: WIREX MLS #1841719 Report a problem | ||
| 7/11/2023 | Listed for sale | $614,900+2.5% |
Source: WIREX MLS #1841719 Report a problem | ||
| 7/5/2023 | Listing removed | -- |
Source: WIREX MLS #1834124 Report a problem | ||
| 6/27/2023 | Listed for sale | $599,900 |
Source: WIREX MLS #1834124 Report a problem | ||
| 5/18/2023 | Pending sale | $599,900 |
Source: WIREX MLS #1834124 Report a problem | ||
| 5/12/2023 | Listed for sale | $599,900+118.1% |
Source: WIREX MLS #1834124 Report a problem | ||
| 11/2/2018 | Sold | $275,000-3.5% |
Source: Public Record Report a problem | ||
| 10/11/2018 | Listed for sale | $285,000+43.2% |
Source: RE/MAX LAKESIDE #1609852 Report a problem | ||
| 4/23/2012 | Sold | $199,000-5.2% |
Source: Public Record Report a problem | ||
| 2/17/1999 | Sold | $210,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,264 +14.4% | $360,400 +17.9% |
| 2023 | $7,226 -0.8% | $305,800 |
| 2022 | $7,281 -9.6% | $305,800 +5.7% |
| 2021 | $8,054 | $289,400 |
| 2020 | $8,054 | $289,400 |
| 2019 | $8,054 +1.7% | $289,400 +1.8% |
| 2018 | $7,921 +23% | $284,400 +17% |
| 2017 | $6,442 -2.8% | $243,000 +8.7% |
| 2016 | $6,627 +3.4% | $223,500 |
| 2015 | $6,406 | $223,500 +2% |
| 2014 | $6,406 | $219,100 -1.7% |
| 2012 | -- | $222,800 -9% |
| 2011 | -- | $244,800 |
| 2010 | $7,142 +6.8% | $244,800 -5% |
| 2009 | $6,688 | $257,700 -8% |
| 2008 | -- | $280,100 |
| 2007 | -- | $280,100 |
| 2006 | -- | $280,100 |
| 2005 | -- | $280,100 +5.5% |
| 2004 | -- | $265,600 +18.5% |
| 2003 | -- | $224,100 +8.2% |
| 2002 | -- | $207,100 +0.9% |
| 2001 | $6,562 +13.2% | $205,200 |
| 2000 | $5,797 +2% | $205,200 +5.7% |
| 1999 | $5,684 | $194,100 |
Find assessor info on the county website
Neighborhood: River Bend
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Nearby schools
GreatSchools rating
- 6/10Fairview SchoolGrades: PK-8Distance: 0.6 mi
- 3/10Hamilton High SchoolGrades: 9-12Distance: 0.9 mi
- 2/10Milwaukee Spanish Immersion SchoolGrades: PK-5Distance: 1.1 mi
Schools provided by the listing agent
- District: Milwaukee
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Wisconsin
- Milwaukee County
- Milwaukee
- 53219
- River Bend
- 7421 West Fernwood CIRCLE
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