This large multi family home is located in Park West on the Northside of Milwaukee. close to vibrant shopping, Farmer’s Market, Lake view, City view and Bucks Arena. The property is divided into two large apartments, you have a large two bedroom apartment downstairs and a large two bedroom apartment upstairs, both apartments have been recently updated/made rental ready and are now tenant occupied. The total rental income each month is $1,150 The property is under management by a local Milwaukee management company.
This property is located in Park West on the Northside of Milwaukee which is only 2.9 miles from downtown Milwaukee. The property is also only 4 miles from University of Wisconsin Milwaukee one of America’s Top Research Universities on the Westside, The104-acre campus which is right on the shoreline of Lake Michigan.
• Five bedrooms.
• Two bathrooms
• 2,290 sqft built.
• 3,660 sqft lot.
• Fully managed.
• Local staff.
Purchase price: 45,900
Gross annual rental income: $13,800
Property running costs: $2,695 (Tax, insurance and management costs)
Net annual rental income: $11,105
Investment calculation - Net Income divided by Purchase price = NET ROI.