Cash flowing Duplex in Milwaukee over 20% CapRate

8 Replies

Price $40,000
Location 2823 N. 28th St, Milwaukee, WI, 53210
Property Details

Unit: 1

  • Current Rent: $650
  • Occupied: Yes
  • Bedrooms: 3
  • Bathrooms: 1.0
  • Square Footage:

Unit: 2

  • Current Rent: $550
  • Occupied: No
  • Bedrooms: 2
  • Bathrooms: 1.0
  • Square Footage:

Lot Size: 3750

TWO FAMILY DUPLEX HOME!


LOWER HAS 3 BEDROOMS (Occupied $650 and recently renovated in July 2018) AND UPPER HAS 2 (Unoccupied $550). BOTH UNITS HAVE A WALK-IN PANTRY AND SPACIOUS SUN-LIT EAT-IN KITCHEN. LOWER UNIT HAS A FRONT PORCH AND UPPER HAS 2 BALCONIES. BASEMENT HAS WASHER DRYER HOOK-UPS. BOTH UNITS HAVE SEPARATE FURNACES AND WATER HEATERS. ELECTRIC UPDATED IN 2013

Lower unit has new kitchen sink, new carpet in bedroom and new laminate flooring in living room. Master bedroom has private access to bathroom.



The property also features a paved 2 car parking slab in rear of home off of alley-way. Attic and basement make for plenty storage space.

Taxes-$540/yr

Insurance-$1090/yr

Sewer/Water/Garbage-$125/mth

Property Management Fee-$100 (flat rate quote from MPI Property Management-414-933-2700-Will also pay your taxes and insurance for you using the monthly income-ask for Matt).

Hi Adanna,

Just new to bigger pockets and curious why you would move this cashflowing property on?

What is your property strategy?

How did you find this in the first place?

Marc

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here