Off MLS, 6 unit Milwaukee Property. North Eastside $9,200/Month
First off I want to say that I do not own these properties, nor are they my listing. I'm a realtor looking for a buyer on this off MLS deal on North Eastside of Milwaukee.
This deal is for a Milwaukee Mansion that has been converted into 6 units. Below is an overview of the investment. For more specific information or questions please ask, or message me.
Property Highlights:
-Walking distance to numerous amenities including Lake Michigan, Bradford Beach, North Ave & Downer Ave.
-Recent CapX improvements including new roof
-Detached garage plus ample street parking for tenants
-Building Size: 8,292 SF
-Some rents are low and provide a value-add opportunity
-Unit mix:
1 unit-3bed, 2bath, 2500 SF. Rent: $3500 (currently the owners unit, would need to be re-rented)
2 units- 2bed, 1bath, 1300 SF. Rent: $1475 & $1500
2 units- 1bed, 1bath, 1300 SF. Rent: $1325 & 775
1 unit- Efficiency, 500 SF. Rent: $625
- Gross Rents: $9200/month (when 100% full)
- Asking Price: $885,000 (believe there is some room on that)
I'm looking to represent you as a buyer. The deal was passed to me by the agent with the pocket losing. Will sign a buyer agency agreement, so you know my fiduciary responsibility is to you and not the seller.
Also have an investment overview, as well as Pro-forma (completed by seller) that I can provide to interested parties.
Thanks,
Sam.
keywords: Wisconsin, Milwaukee, Chicago, Greenfield, Off Market, Duplex, Muti
