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Sold almost 3 years ago

$114,000

4 bd 2 ba 1816 sqft

4922 N 48th Street, Milwaukee, WI 53218

Residential Duplex Occupied Off MLS

Current Rent **

$1,420

Projected Rent **

$1,420

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Caitlin Welch

Unit 1 Details
  • Current Rent: $1,420
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 1816 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $0
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes

4922 N 48th Street Milwaukee, WI 53218

Super charming 2BR/1BA + 2BR/1BA duplex in Northwest Milwaukee! Per seller the property is currently fully occupied and cash flowing! A new roof was put on in 2019, and the most recent turnover/upgrades were completed in January 2020. Great location for tenants just a few minutes from McGovern Park, restaurants and shopping. For those who love the outdoors, you are also just a few minutes from Havenswood State Forest Park! Completely away from the noise of the city, but still only 15 minutes from downtown Milwaukee and the University of Wisconsin-Milwaukee - and 10 minutes to Whitefish Bay on Lake Michigan where summers can be enjoyed on the sandy beaches! A great investment for cash flow! ***With a full price offer, the seller will replace both furnaces and water heaters prior to closing!!

Location:

4922 N 48th Street, Milwaukee, WI 53218

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.