5430 W Vliet St, Milwaukee, WI 53208

Property Status: Available (Wholesale) | For Sale: $59,900.00


2 Bedrooms / 2 Baths / Single Family


Property Photos


PRICE REDUCED TO SELL SOON!! Rehab or Turn Key Rental in Washington Heights!


Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $59,900.00
Property Details:
Property Style:
2-Story
Year Built:
1921
Finished Sq Ft:
1,104
Basement:
Unfinished Basement
Owner / Agent:
Wholesale
Property Features:
Porch
Contact Info
Buy Milwaukee Properties
(414) 708-9982

View on Individual's Website
Reducing the price on this wholesale to $59,900 to generate more interest as I NEED to sell soon! Showing Thursday December 6th at 3pm - call 414-708-9982 to confirm. Wholesale - looking for an investor to assign my interest and/or partner with The lowest comparable sale I found in the area within a half mile and a year and a half sold for $105,000! Current use is as a single family rental - rent ready, but has a considerable lean of about 4 inches from left side to right. An architect assessed the problem and found this can be jacked up within a few days work. Less than $4,000 to fix. Foundation is solid. Has one bedroom downstairs and one bedroom upstairs, but original layout of the building is as a 1/1 duplex - so lots of room to make a second bedroom upstairs, total 3 bedrooms, just add a doorway. Option 1: Rehab and convert this 2 bed, 2 bath into a 3 bed 2 bath in the hot market of Washington Heights. -Lots of room to add a garage on this lot, with access to the back alley. -Exterior is generally good, needs minor paint touch-ups on stucco. -Newer Roof -Original windows -Updated electrical meter and circuit box -Newer water heater and furnace -Make a new door way on the second floor for 3rd bedroom -Interior is rent ready now and has been occupied until recently, so it's in very good shape -Could use minor plaster repair, paint, refinish floors, replace a couple missing interior doors, replace light fixtures, likely replace kitchen cabinets ARV $185,000 (based on 3 bed, 2 bath area SFR's WITH garages) Repairs $55,500 (conservatively high, including correcting the lean and adding a garage) $64,900 OBO Option 2: Or, the property could easily be used as a 2 or 3 bed, 2 bath rental - rent ready now. Possibly paint interior but probably not necessary, property is about good to go as a rental. Tenants have been living here with the slope in the floors for many many years. Now vacant I can show by appointment only.

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

Milwaukee Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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