Six bedroom house Milwaukee Bay, Milwaukee County, Wisconsin, USA 6 Bed Townhouse £60,315 | €67,170 | $81,900 Request a Currency Exchange Quote Here

This huge six bedroom multi unit is a rare find at $81,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41601028

This large two apartment multi family home is located in the desirable area of
Washington Park close to the nature reserve, it is also just four miles from the Centre of
Downtown Milwaukee.
The property is divided into two large apartments, you have a large three bedroom
apartment downstairs and a large three bedroom apartment upstairs. Both apartments
have good tenants in place keeping the property in a great condition. Each tenant is
paying $850 in rent each month. The property is under management by a great local
Milwaukee management company.

This property is located in Washington Park on the Northside of Milwaukee which is
only 4.3 miles from Downtown. The property is also only 5 miles and just fifteen
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: 81,900

Gross annual rental income: $20,400

Property running costs: $3,605
(Tax, insurance and management costs)

Net annual rental income: $16,795

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

Return on investment: 21%

Break even in 4.76 Years
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