Six bedroom house, Milwaukee, USA
Milwaukee, Milwaukee County, Wisconsin, USA
Property ID: 41593496
Summary Data
| Price | £75,496 |
| 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 two apartment multi family home is located in Sherman Park on the Northside of Milwaukee. Just six minutes and 1.9 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 three bedroom apartments. The property is just being completely refurbished to a Section 8 standard. The management company will place brand new tenants when the new owner closes on the property paying $900 – $1,000 in rent each month. The tenants can either be Section 8 or Private, the decision will be for the new owner. The house is in a very desirable street and will rent very quickly.
This property is located in Sherman Park on the Northside of Milwaukee which is only 4.4 miles from downtown. The property is also just 12 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: 88,900
Gross annual rental income: $24,000
Property running costs: $4,574
(Tax, insurance and management costs)
Net annual rental income: $19,426
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 22%
Break even in 4.54 Years