This large four bedroom multi family home is located in Lincoln Creek on the Northside of Milwaukee. Just walking distance and less than half a mile from Clemens Public School. The property is divided into two large two bedroom apartments, Both apartments have long term tenants in place and the total monthly rental income is $ 1,050 The property is under management with a great local Milwaukee management company.

This property is located in Lincoln Creek on the Northside of Milwaukee which is only 5.6 miles from downtown. The property is also only 5 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.

Investment Calculation

Purchase price: 53,900

Gross annual rental income: $12,600

Property running costs: $3,158
(Tax, insurance and management costs)

Net annual rental income: $9,442

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 18%

Break even in 5.5 Years