This large two bedroom single family home is located in Old North Milwaukee on the Northside of Milwaukee. Just walking distance and less than half a mile from the Barack Obama School of Career and Technical education. The property has two large bedrooms, one bathroom a full basement and a rear garden with a detached garage. The property has just been updated throughout and has new tenants now in place paying $850 in rent each month. The property is under management by a great local Milwaukee management company.
This property is located in Old North Milwaukee on the Northside of Milwaukee which is only 7.8 miles from downtown. The property is also only 5.4 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.
• Two bedrooms.
• Full Basement.
• 961 sqft built.
• 6,578 sqft lot.
• Fully managed.
• Local staff.
Purchase price: 54,900
Gross annual rental income: $10,200
Property running costs: $2,710 (Tax, insurance and management costs)
Net annual rental income: $7,490
Investment calculation - Net Income divided by Purchase price = NET ROI.