100% OCC/3-Fam/Rent $1.3K - Trulia Green -1 block from Brew HIll

[Shawn Ackerman]

                                                                           VALUE         ADD           DEAL

Buyer responsible to do their own due diligence. Property sold as-is. $1000 non-refundable, IKRE,LLC is selling it's equitable interest in the property.

Please Email inquiry to [email protected].

Gross Rents - $1,275 per month - $525 Lower / $350 upper / $425 Upper - All Long term tenants(Rents under market by $75-275 per unit.  PROPERTY CASH FLOW IS $560 PER MONTH UNLEVERAGED!!!!

Interior - 3500 Sqft finished living area

Exterior: Vinyl Siding

Annual Taxes: $1,280

Property Value - $82 - $90K

Repairs - Under $2,000 in cosmetic work. All major systems functioning properly(Newer roof) - Propery rehabbed in 2015

Trulia Green Area - minutes from downtown Milwaukee/Riverwest /Brewer's Hill area

Notes: Solid addition to any portfolio. Solid 3 family in solid rental area close to downtown Milwaukee. Long standing tenants with drastically under market rents. Property is in solid condition with solid roof, mechanical, electrical and plumbing.  property was rehabbed in 2015.  This deal is a long term hold.  With the decrease in availability of housing in the hot market of Brewer's Hill many of the tenants are coming north of North avenue which is exactly where this property is.  New Milwaukee Bucks arena being built minutes away from this property.  

Extras: Deal can be purchased with property management(10% of gross rents collected - Negotiable), contractor, handyman, lender, property insurer etc... on day 1!!! Leverage my network for high success.

suggested strategy is buy cash/refi using one of our in-network lenders for the ability to scale your rental portfolio. Lender will delay finance at 70% of the appraised value not to exceed purchase price!