Six bedroom house, Milwaukee, USA
Milwaukee, Milwaukee County, Wisconsin, USA
Property ID: 41579649
Summary Data
| Price | £61,908 |
| Price Type | |
| Bedrooms | Studio |
| Bathrooms | 2 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This large multi family home is located in Park West 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 three bedroom apartment downstairs and a large three bedroom apartment upstairs. There is a good tenant in one apartment that has resided in the house for the last 3 years paying $800 in rent each month. The second apartment is currently being refurbished and being made rental ready. The management company will place brand new tenants when the new owner closes on the property also paying $800 in rent. The tenant can be Section 8 housing.
This property is located in Park West on the Northside of Milwaukee which is only 3.4 miles from downtown Milwaukee. The property is also only 3.6 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.
Investment Calculation
Purchase price: 72,900
Gross annual rental income: $19,200
Property running costs: $3,378
(Tax, insurance and management costs)
Net annual rental income: $15,822
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 22%
Break even in 4.54 Years