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For sale 7 days ago

$125,000

4 bd 2 ba 1800 sqft

49th / Capitol, Milwaukee, WI 53216

Residential SFR Needs Repairs

Current Rent **

N/A

Projected Rent **

$2,000

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Great Flip / Highest Use -SFR Conversion

Property: Multi-Family 2-Unit Residential
Location: 49th Street / Capitol (Grasslyn Manor)
Price: $125k OBO

Highlights:
- Legal duplex with a dry basement and a large lot.
- Excellent buy-and-hold opportunity with strong cash flow potential (former rent at $975/unit).
- Prime location for flipping.

Lowlights/Renovation Needs:
- The property is fully vacant and requires complete interior updates, including HVAC, plumbing, electrical, and general contracting work.
- No garage.

Investment Potential:
- Ideal for conversion into a single-family home. Comparable 4-bedroom/2-bathroom single-family homes in the area are selling in the mid-$200k range within a 0.25-mile radius. Sales Comps are attached.

Google Drive link for property photos/details: https://drive.google.com/drive/folders/14tUR3InZiMnD3MSd5H7cCpWTTHWOqLJu?usp=drive_link

Location:

49th / Capitol, Milwaukee, WI 53216

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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.