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Milwaukee Real Estate Forum
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Updated about 8 years ago on . Most recent reply

User Stats

55
Posts
8
Votes
Michael Braatz
  • Oconomowoc, WI
8
Votes |
55
Posts

Value add in Milwaukee

Michael Braatz
  • Oconomowoc, WI
Posted

Hello all,

My partners and I have recently had our first accepted offer.  The property is north of Wauwatosa near Burleigh.  It is 3 bed 1.5 bath. (buy and hold)

The half bath is on the second floor along with the master bed.  It could easily be expanded into a full bath at the expense of part of a walk in closet.

The basement also has a large finished area that could be another bedroom with the addition of an egress window(concrete block walls).  

For those who have experience in this area, what type of return could I expect both on rent and resale with these additions?(We would convert the bath ourselves and get the window done professionally) 

Thanks,

Mike

Most Popular Reply

User Stats

55
Posts
8
Votes
Michael Braatz
  • Oconomowoc, WI
8
Votes |
55
Posts
Michael Braatz
  • Oconomowoc, WI
Replied

@Shawn Ackerman  Pretty much! Though I believe ALE Solutions is contracted by an insurance company.

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