$140,000
2116 W State St. & 761 N 25th St., Milwaukee, WI 53233
Current Rent **
$6,100
Projected Rent **
N/A
2 ROOMING HOUSES FOR SALE
2116 W State St, Milwaukee, WI 53233 and 761 N 25th St, Milwaukee WI 53233
$140,000 - (Or Highest Offer)
*Realtors- Add your fee (whatever you like), over and above the asking price*
*We are selling our assignable purchase contract on this property.
2116 State: 8 Unit Rooming house
2678 Square Feet / 8 Beds 3 Baths
761 N 25th: 12 unit Rooming house
4000 Square Feet / 12 Beds 4 Baths
Estimated Market Rent: both buildings combined, currently at $6,100/month
Potential Combined Market Rent: $10,100/month
Additional Information / BUILDING NOTES:
Both buildings are selling as a package. Great opportunity to own these rooming houses. Per owners, these are the repairs that the buildings currently need:
2116 State: New asphalt shingles roof Fascia, soffits, gutters and chimney flashing, lower west side old windows and north side old windows. About 10-15 windows needed. Owner bought windows from Lisbon. Depending on size, about $200 per window. Unit #4 needs a refrigerator. Unit #8 needs a gas stove. Cut back trees that are over hanging. Unit #1 has new electrical and plumbing. Need kitchen cabinets and refrigerator.
761 N 25th: Replacement windows in the lobby have tape on them right now. Window needed in the 3rd floor hallway. Unit #11 needs to get redone.
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Location:
2116 W State St. & 761 N 25th St., Milwaukee, WI 53233
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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