Four bedroom house Milwaukee, Milwaukee County, Wisconsin, USA 4 Bed Townhouse £38,958 | €43,386 | $52,900 Request a Currency Exchange Quote Here

This large four bedroom multi unit is amazing value at $52,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41572950

This large two apartment multi family home is located on the border of Lindsay Heights in 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. The property has two good tenants already in place both paying $550 in rent each month. The market rent is closer to $700 each month so should a tenant leave at some point in the future the rent can easily be increased. The property is under management by a local Milwaukee management company.

This property is located on the border of Lindsay Heights on the Northside of Milwaukee which is only 3 miles from downtown. The property is also only 3.5 miles and just Nine 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.

Investment Calculation

Purchase price: 52,900

Gross annual rental income: $13,200

Property running costs: $2,814
(Tax, insurance and management costs)

Net annual rental income: $10,386

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

Return on investment: 20%

Break even in 5 Years

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