Thank you for looking at this beautiful brick duplex on N 91st St!
This 6Bd / 2Baths home is conveniently located near parks, stores, and other establishments in Lindsay Park. It’s just across 92nd St from the Tosa Heights / Grantosa neighborhoods, near the corner of 91st and Capital.
This is an upper and lower duplex in nearly rent-ready condition. Property is brick with cinder block foundation, built in 1957. The roof is newer per owner. The upper and basement have some clutter, but there are very few repairs for you to make before leasing the space – the upper will be vacant after the seller moves out. The lower is rented month to month at $980 per month, with an agreed rent increase to $1250 on December 1st. It’s in similar condition.
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 $1300-1560 per unit per month depending on condition, total $2600-3120 total per month. (rentometer.com)
Taxes 2021: $3538 annually (2021 tax record)
Insurance: $1000 annually
Utilities for owner (water) $75 per month, billed quarterly.
Potential repairs: Upper unit and will need cleanout. Both units may need minor turnover repairs, i.e. paint. Please view pictures and walkthrough video for a complete view of the property.
4068-4070 N 85th St, Milwaukee. Sold $230,000 6/17/2022.
4174-4176 N 92nd St, Milwaukee. Sold $230,000 on 6/30/22
4328-4330 N 88th St, Milwaukee. Sold $190,000 on 9/9/22
This project makes a great buy and hold or BRRR property. Contact us for further information.