All Forum Posts by: William Newman

Hey Mike,

Welcome to the BP Community! Stay active and engage as often as possible! There is a ton of value on the platform and many years of experience.

Feel free to reach out anytime. I'm well versed in the Milwaukee RE investment market.

GREAT INVESTMENT PROPERTY 5 BLOCKS FROM MARQUETTE UNIVERSITY! 

Last sold in October 2015 for $575K!  

Nine-unit apartment building near Marquette University with nine three-bedroom units, perfect for Marquette students, faculty and staff. Includes off-street parking spaces, storage units and an area to accommodate a common laundry. The building has newer windows (2010) and boiler. 

Property needs $100K worth of repairs and updates. 

Transaction needs to close on or before August 15th. 

10% non-refundable deposit due upon accepted offer. 

Please see link below and feel free to reach out if there are any questions. 

http://www.flexmls.com/link.html?1dg8nqq4mh0s%2C19%2C1%2C77625

20% Cap Rate! All brick 4-family apartment building with major upgrades!  Units feature 2 bedrooms, 1 bathroom, living room, dining room and updated kitchen. Property features recently updated rubber roof, new windows, updated electrical, new water heaters and new cabinetry. Units feature new ceramic flooring, vinyl flooring, and refinished hardwood floor throughout. Monthly income is $2400 a month. This one won't last!

Please feel free to reach out for additional information. 

Good evening Prashant,

Thank you for your interest in our listings. The information has been sent to your email.

Have a great night!

@Michael Henry

Please check your email. I have sent over additional information. 

Good morning Eddie,

Thank you for your interest in our listings! Are there properties in specific or would you like information on all of them?

Hi Adam,

Thank you for your interest! The building is currently at 52% occupancy rate. The owner weeded out the problem tenants, updated the units, hired a new PM company and is now leasing up again. As he realizes this current rate will not be attractive to most, I reiterate the incentive of covering the rents of all non-occupied units at closing for six months. This will allow the new owner the ability to stabilize without sacrificing the loss of rental income due to vacancies. 

MKE Realty Group LLC currently has a broad list of multifamily apartments for sale in Milwaukee, WI. These properties range from fully occupied buildings with guaranteed rents in the form of non-profit tenant placement, to a completely gutted 18-unit where you can add instant equity. Please see list below and call me to discuss the details.

Check out this completely updated 50-unit apartment building in the heart of Milwaukee. Interior features units that have been meticulously updated, new boiler system and water heaters(currently being installed). Keep your property safe and secure a new security camera monitoring system for inside and outside with direct access from the Milwaukee Police Department. Exteriors features include a brand new roof, all new steel exterior doors and off-street parking. In addition, the Seller is incentivizing the sale by offering a 6-month rent guarantee that will cover all non-occupied units at the time of closing. Please contact me for more details.

Property is located near downtown Milwaukee with access to public transportation. Closet cross streets are north Teutonia Avenue and west Locust Street.

Good day ladies and gents of BP,

Please take a look at this amazing opportunity in Milwaukee, WI to own an off-market 18-unit apartment building that has tons of potential! Seller is entertaining for all offers with a minimum bid of $250,000. Seller will review all offers April 21st, 2017.

Details

Purchase price : $250,000 or greater (minimum offer)

Rehab Costs : $5,000-7,000 per unit (Total : $90,000-126,000)

ARV : $600,000-750,000

15 One-Bedroom Units

3 Two-Bedroom Units

New Furnaces and duct work in 75% of the units

Needs a complete rehab

Property is VACANT and being sold "as-is"

Please email me with questions or to request photos if interested.

"Disclaimer - I do not own this property. I am a Realtor® looking to represent you as a buyer's agent.  PROPERTY IS VACANT!"