Milwaukee, WI – 36 Unit Project

This 36 unit corridor style apartment building consists of 31 one bed and 6 studio apartments. The property was purchase in early 2010 as a value-add opportunity.

The property is conveniently located one block from Mid city Shopping center and about a 15 minutes bus ride to down town Milwaukee. The building is a short 5 minute walk to headquarters of Miller Brewing Company and Harley Davidson Corporation, both of which employ a large number of people and provide stability to the neighborhood.

At the time of acquisition, building required a more active management involvement in its operation and a significant amount of deferred maintenance. Financial review and adjustment of rents were also instrumental in Orange Properties’ success in fully stabilizing the assets and increasing its value.