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Updated about 8 years ago on . Most recent reply

User Stats

389
Posts
193
Votes
Joshua Martin
  • Investor
  • Milwaukee, WI
193
Votes |
389
Posts

Milwaukee Eastside Cap Rates?

Joshua Martin
  • Investor
  • Milwaukee, WI
Posted

Hey gang,

  I know there's lots of Milwaukee cash flow investors on here, but I was wondering if we have any body that works the student housing and eastside (upper and lower) / Brady St. market on here?

  I have an investor I'm working with and I'm trying to help run good numbers and get an idea for ROR. Obviously, the 2% rule doesn't apply in these A class areas, but anyone have a cap rate that they expect or demand for the area?

  That'd be helpful in pricing properties.

  Or if you work that market I'd love to get on the phone and ask you a few questions.

Let me know, and thanks in advance,

Best,

  JTM

Most Popular Reply

User Stats

23
Posts
81
Votes
Michael Ouvrard
  • Rental Property Investor
  • Milwaukee, WI
81
Votes |
23
Posts
Michael Ouvrard
  • Rental Property Investor
  • Milwaukee, WI
Replied

Hey @Joshua Martin, I started investing in the Brady St area this year. In fact, here's a link to an article I posted on here last month...

https://www.biggerpockets.com/forums/223/topics/36...

If you are referring to the multifamily market, as you know with the compressed cap rates, you are looking at 6%. I have been in touch with a commercial appraiser here in Milwaukee to help with my project, and he is seeing sub-6% all day. On the residential end, you can expect 7-9% cap rates and more closely following the 1-1.5% rule. As you said, this is a B+/A- area unlike the north and south sides. 

Feel free to contact me with any questions. I'd love to share my experience.

  • Michael Ouvrard
  • [email protected]
  • Loading replies...