Property Description:
I have a duplex available by wholesale, two bedrooms in each unit.
It is located near the corner of 2nd St and North Ave, which is the border of Harumbee and the more affluent Brewers Hill neighborhood. Values in this area are quickly rising!
This property is in very good condition for its age, highlights include:
-Newer Roof (7 years old)
-Siding in great shape
-Some windows replaced to vinyl
-Solid foundation
-Newer water heaters and furnace
-Updated electrical meters and breaker boxes
-1890's interior woodwork in surprisingly good condition
-Solid stone fireplace surrounds
-Large attic for possible future addition or conversion to a 3 unit property
The property has a raze order from the City of Milwaukee for a 3 car garage in the back of the property accessing the alley. I have a trusted contractor's bid to tear it down for $1,250
The lower kitchen and bathroom could use some work - flooring, paint, and cabinets - for probably $2,500.
Property has a decent size yard and plenty of room for off-street parking - at least 4 cars - after the 3 car garage is taken down.
Rents are low now because this property was family owned for 50 years and tenants are the landlord's grandchildren. Currently $600, but market rents are $775 for each unit.
I am showing this property at 4pm this Wednesday the 11th, and at 4pm this Sunday the 15th.
Asking $59,500 OBO
Please reply for more information.