This large two apartment multi family home is located in Sherman Park on the Northside of Milwaukee. Just seven minutes and 2.1 miles from Washington Park, a beautiful large public area known for its Urban Ecology Center, large lagoon, and concerts in the park. The property is split into two large one bedroom apartments. Both apartments have been update and made rental ready and are now tenant occupied. One tenant is paying $500 in rent each month and the other is paying $450 in rent each month. The property is under management by a local Milwaukee management company.
This property is located in Sherman Park on the Northside of Milwaukee which is only 5.2 miles from downtown. The property is also just 4.7. 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.
• Two bathrooms.
• 1,178 sqft built.
• 5,175 sqft lot.
• Fully managed.
• Local staff.
Purchase price: 59,900
Gross annual rental income: $11,400
Property running costs: $2,836 (Tax, insurance and management costs)
Net annual rental income: $8,564
Investment calculation - Net Income divided by Purchase price = NET ROI.