Thank you for looking at this beautiful duplex on S 16th Street!

This 4Bd / 2Baths home is conveniently located near parks, stores, and other establishments.

This is an upper and lower duplex on Milwaukee’s south side.  The  lower that has been converted from a formerly commercial space, is much larger than it looks. The upper is a bit smaller and has some updates in progress.  A small budget of approximately $10,000 would complete the updates and make both units ready for tenants.   The current owner occupies the lower unit right now. There is a huge 4 car parking space available behind the property that is a plus for tenants.

This will be a great rental property to hold or BRRR.

The property will cash flow nicely at this price. Here are the stats:
Market rents: Lower $1100, Upper $900 for total of $1900 per month
Taxes 2021: $1029 annually
Insurance: $1000 annually
Utilities for owner (water) $75 per month, billed quarterly.

Potential repairs: Depending on strategy. Mostly needs cosmetic repairs and completion. Paint, flooring and completion of remodeling in upper unit. Please view walkthrough video for a complete view of the property.

Comparable properties: 2120 S 16th St, Milwaukee. Sold $125,000 10/5/2022.
1963 S 11th St, Milwaukee. Sold $120,000 7/18/22

This project makes a great buy and hold or BRRR property. Contact us for further information.

Call (414) 261-4690 for more details

Property Details:

Price: $69,900.00

Address: 1837-1839 S 16th St. Milwaukee WI 53204

Square Feet: 2530 

Bedrooms: 4

Bathrooms: 2

Terms: Assignment

Property Type: Duplex