This large four bedroom, two apartment multi family home is located in Franklin Heights on the Northside of Milwaukee. Just 5.1 miles from Downtown Milwaukee. The property is divided into two large apartments, you have a large two bedroom apartment downstairs and a large two bedroom apartment upstairs. The property has just been updated and made rental ready. The management company will be placing brand new tenants when the new owner closes on the property paying $650 – $700 each in rent per month. The property is under management by a local Milwaukee management company.
This property is located in Franklin Heights on the Northside of Milwaukee which is only 5.1 miles from downtown. The property is also only 3.9 miles and just ten minutes 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.
• Four bedrooms.
• Two bathrooms.
• 1,865 sqft built.
• 2,919 sqft lot.
• Fully managed.
• Local staff.
Purchase price: 57,900
Gross annual rental income: $16,800
Property running costs: $3,580 (Tax, insurance and management costs)
Net annual rental income: $13,220
Investment calculation - Net Income divided by Purchase price = NET ROI.