QR Code Link to This Post RE/MAX Lakeside - Residential Income Property Package For Sale Income Producing Portfolio 8 Buildings with 10 units, Milwaukee, WI 53212 Price: $319,000
Building Size: 0 SF
Price/Unit: $31,900
Property Type: Residential Income
Property Sub-type: Single-Unit (SFR/Condo)
Property Use Type: Investment
Cap Rate: 13.5%
Last Verified: 12/6/2017
Listing ID: 20294057
Highlights Gross Rents of $88,500100% OccupiedTenants pay their own heat, electric, and hot waterHigh Cap Rate at 13.5%Actively managed by 3rd party company Description A 10 unit turn-key, up & running portfolio of eight scattered sites on Milwaukee's North Side. The portfolio includes 6 single family homes and 2 duplex rental homes. All units are occupied and professionally managed, and feature full basements, circuit breakers, updated gas forced-air furnaces, and off-street parking. Tenants pay their own gas and electric. CAP Rate 13.5%. The Leveraged Cash on Cash is 32.2% if you have 75% financing. The properties currently have professional management in place that is familiar with the buildings and will continue to manage if desired. . RE/MAX Lakeside, Graig Goldman - (414) 788-044nine Seller is a Licensed Wisconsin Licensed Real Estate Broker The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.
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