Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$365,400

For Sale - Active
1925 N Water St Apt 100, Milwaukee, WI 53202
2 Beds
2 Baths
1,490 Square Feet
0.00 Acres Lot
Built in 2003
For Sale - Active
39 Units
Checked: 21 hours ago
Updated: Aug 19, 2025 at 10:16AM

Investment Summary


Monthly Cash Flow
-$1,116
Cap Rate
2.5%
Cash-on-Cash Return
-15.9%
Debt Coverage Ratio
0.40
Internal Rate of Return (5 years)
-11.4%

Property Description


0.00 Acres Lot
Built in 2003
For Sale - Active
39 Units

Located in the heart of downtown, this condo offers many amenities to city living. The spacious layout allows for plenty of furniture options along with an updated kitchen featuring new appliances including a new washer/ dryer, and HVAC system. Plenty of natural light illuminates the space and large sliding windows give easy access to enjoy a cup of coffee on the front patio. For more privacy, a wrap around patio offers additional seating and dining. No need to brush off your vehicle or find parking as two heated parking spots are offered and deeded with the space. The elevator makes it easy to gain access to each floor and a spacious storage unit can be found just around the corner of the first floor package area. Brand New Carpets

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Avatar
Avatar
Avatar

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent
Avatar
Avatar
Avatar

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender
Avatar
Avatar
Avatar

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager
Avatar
Avatar
Avatar

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Assigned
  • Details: Assigned, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1

HOA

  • Has HOA: Yes
  • HOA Fee: $425/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 3541360000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2003

Tax Information

  • Annual Tax: $6,526

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Natural Gas
  • Cooling: Central Air

Location

  • County: Milwaukee

Listing Details


Listed by:
Guntis Dredzels
Lannon Stone Realty LLC
(608) 572-8889

Source:
Wisconsin Real Estate Exchange
MLS#: 803528990220
Wisconsin Real Estate Exchange

Investment Summary


Monthly Cash Flow
-$1,116
Cap Rate
2.5%
Cash-on-Cash Return
-15.9%
Debt Coverage Ratio
0.40
Internal Rate of Return (5 years)
-11.4%

Purchase Details

Find an Agent

Purchase price:
$365,400
Amount financed:
-$292,320
Down payment:
$73,080
Closing costs:
$10,962
Rehab costs:
$0
Initial cash invested:
$84,042
Square feet:
1,490
Cost per square foot:
$245
Monthly rent per square foot:
$1.68

Financing Details

Find a Lender

Loan amount:
$292,320
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,872
Property tax:
$544
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,591

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (22%)
22%-$544-$6,526
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (17%)
17%-$425-$5,100
Total operating expenses: (64%)
64%-$1,594-$19,126

Cash Flow


Monthly Yearly
Net operating income:
$756 $9,072
Mortgage payments:
-$1,872 -$22,464
Cash flow:
$1,116 $13,392