605 Michigan Ave South Milwaukee WI 53172-2724 $169,900
Features of 605 Michigan Ave South Milwaukee WI 53172-2724
- Multi-Family
- Status: Sold
- Total Number of Units: 3
- Unit Type 1 # of Units: 1
- Unit Type 1 Avg Rent: $750
- Unit Type 2 # of Units: 2
- Unit Type 2 Avg Rent: $550
- Unit Type 3 Avg Rent: $550
- Outside Parking: 4
- Est. Year Built: 1903
- School District: South Milwaukee
- High School: South Milwaukee
- County: Milwaukee
- Postal Municipality: South Milwaukee
- MLS#: 1494064
- Listing Company: RE/MAX Service First
- Zip Code: null
Property Description for 605 Michigan Ave South Milwaukee WI 53172-2724
605 Michigan Ave South Milwaukee WI 53172-2724 - Incredible and rare 3-unit multi-family listing opportunity. This property has been carefully remodeled from top-to-bottom and commands great rental income. Located on a double lot, this property feat. most owner-owned appliances, newer mechanicals & new boiler (2015). Rooms sizes generous, KITs large. Updates incl. roof (~5 yrs old); siding (2015). Current rental income $1950/month cap rate 9.39% per owner. Estimated annual profit $15,700! Property has also been lead cleared for tenant/owner peace of mind. See add'tnl docs in MLS for details.
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