All Forum Posts by: Alex Anderson

@Jordan L. welcome to BP! My office happens to be in Shorewood. Would love to connect to see how I can help further.

Home is located minutes to Bay Shore Mall, the freeway and Down Town Milwaukee. Home features newer vinyl windows, newer mechanicals with central air, hard wood floors, and a fenced in back yard. Great starter home for first time home owner or investor!

Click Below:

5477 N 40th St.

Home is located minutes to Bay Shore Mall, the freeway and Down Town Milwaukee. Home features newer vinyl windows, newer mechanicals with central air, hard wood floors, and a fenced in back yard. Great starter home.

*interior photos haven't been taken yet*

5477 N. 40th, Milwaukee, WI 53209

Perfect opportunity for the investor looking to grow their portfolio. Exclusive listing of 16 properties up for sale, 10 in Milwaukee, WI and 6 in Watertown, WI. Mixture of Single Family, Duplex, 3-family and one fourplex. 

35 units with an average of a 15% CAP. Message or email me for the excel sheet put together by the seller.

@Roy N. it's actually closer to Sherman park as it's on 41st and Center

@Shane Kalepp 

what area of Milwaukee do you stay around?

@Ramon Jenkins great questions here is what I can disclose:

units: 8-one bedrooms/ 10-efficiencies

Location : 2 blocks south of Sherman Park on 41st Street

( area of property class wise -> c

private owner: private owner

If private owner: seller financing option?: possible depending on the offer

Any pics: none yet since it hasn't been officially listed yet

Current Occupancy level: only 3 units vacant

Water : paid for by owner

Gas and Electric :common area gas/electric paid for by owner.....tenants pay for their own gas/electric.

Motivated or non-motivated seller?: owner does not have to sell, but looking for offers.

Seems like everyone is looking to invest in Milwaukee. Demand is high, and cost of entry is better than the coasts. Coming to market is an 18-unit turn key apartment building with several upgrades including brand new windows on the whole building. Upgraded exterior doors, concrete walk way, LED lighting, tuck-pointing has been completed. Roof is newer within the last 7 years. Upgraded control unit for the boiler. Parking in rear for 6. Opportunity to add coin laundry in basement for additional income.

Expenses are estimated below:

Gross Rents: $86,400 (18 units, avg $400/mo rent)

Expenses:

Gas/Electric: $12,000

Property Tax: $13,000

Water: $5,000

Trash: $1,500

Insurance: $2,000

Vacancy: $9,000

Water heater lease: $1,500

Misc: $8,000

Total expense: $52,000

Adjusted Net: $34,400

**message me for price**

Crawford Tree and Landscape Phone: 414-354-4639

Crawford Tree

@Kyle Mack you're correct and normally you're notified if the city will be adding a special assessment on your taxes