3940 N 27th St, Milwaukee, WI 53216

Property Status: Available (Wholesale) | For Sale: $29,900.00

3 Bedrooms / 2 Baths / Multiple Family

Property Photos

Rented 2/1 Duplex - Priced 35% Lower than MLS Comparables!

Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $29,900.00
Property Details:
Property Style:
Year Built:
Finished Sq Ft:
2 Car Detached
Unfinished Basement
Owner / Agent:
Property Features:
Contact Info
Buy Milwaukee Properties
(414) 708-9982

View on Individual's Website
40 year, family-owned bungalow style 2/1 duplex available by wholesale in Franklin Heights neighborhood. Located a block from the corner of Capital Dr. and 27th St. Two car detached garage accessed by alley. Second floor unit being used now as a 2 bedroom, even though its billed as a 1 bedroom. Roof and exterior in good condition. Older, but not leaking - no cupped shingles Basement walls solid Both furnaces and water heaters working well Electrical is separated and converted to breakers All woodwork including buffet with leaded glass in good condition The family has taken good care of this fair-good condition property over the years, but needs some attention to minor repairs: DYI electrical on two pull chain lights should be redone First floor bathroom needs a repair to the vanity cabinet and shower surround Minor repairs needed on facia, downspouts, gutters Stairs to basement should be re-built TLC - paint and some carpet could be replaced A contractor estimated total repairs at $6,000-8,000, but not all repairs are needed immediately. Tenants are family of the owner, paying discounted rent of $400 per month each. Agreement is verbal, month to month. Market rent is $675 per month for a 2 bed unit, and $545 for a 1 bed unit. Comparable sales: Inquire for a full CMA report. Among 5 sales of 2/2 or 2/1 duplexes in the past year, within 5 blocks of this property, sold prices as follows: Low $40,000 Average $47,150 Median $45,000 High $56,250 Solid investment. Considering repairs necessary, this property is still priced to sell quickly at $29,900 OBO. Cash offers only please. Please call or email me for a showing.

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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