Sold price:

$241,000

Sold on 06/09/2022

Listed by Ogden & Company, Inc.

Description

Investor value-add opportunity. This farm house boasts newer electric and a roof that is 7 years old. The interiors need a revamp and collect under market rents ($2860). Moving through one apartment at a time, rehab one unit while the other 3 cover your costs. Market rents project $3300. Two 1bd apartments, one 2bd, and one 3bd loft style apartment (or 2bd with a den). Premium rental location directly across the street from Jackson Park and near Alverno College. Long term tenants in 2 of the 4 units. Leases expire in May, August, September of 2022 & March 2023. All apartments have individual furnaces and water heaters. Buy at a 6.5 CAP and build equity to an 8.3 CAP!

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Property Details

Features Multi-Family

Number of Units: 4 Garage/Parking: Outdoor Space
Subdivision:  
Body of Water:  
Est Year Built: 1890  
  Lot Size:
  School District: Milwaukee
High School: Middle School:
Elementary School: Taxes: $5,253
Zoning: RS6

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Listing History

Date Event Change
Jun 11 2022 1:38PM Status Change Sold
May 1 2022 11:38AM Status Change ActiveWO
Apr 28 2022 6:10PM Price Change $235,000
Feb 12 2020 12:38PM Status Change Sold
Jan 9 2020 10:10AM Status Change ActiveWO
Dec 5 2019 6:09PM Price Change $240,000
Jan 16 2015 1:09AM Status Change Expired
Oct 2 2014 11:09AM Price Change $224,900

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