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621 E Locust St 625, Milwaukee, WI 53212
$229,900
 
PROPERTY INFORMATION:
No. Units:  3 / 1-2 Stories
Est Acreage:   0.1 per Public Records
Lot Description:  
County:  Milwaukee
Taxing Municipality:  City of Milwaukee
 
FINANCIAL INFORMATION:
Taxes:  $4879/2019
Tax Key#:  3140403000
Est Year Built:   1890 per Public Records
Zoning:  RT4
Security Deposits:  Y
Scheduled Gross Income:  $31,140
Gross Operating Income:  $0
Total Operating Expenses:  $14,245
Net Operating Income:  $15,670
 
PROPERTY FEATURES:
Parking In/Out:  0/2
Laundry:  
Water/Waste:  Municipal Sewer, Municipal Water
Heat/Cool:  Forced Air, Natural Gas
Exterior:  Partial-Vinyl
Basement:  Full, Laundry Facilities
Owner Pays:  None
Tenant Pays:  Electricity, Gas, Heat, Sewer, Water
School District:  Milwaukee
Code Compliance:  Yes
Occupied:  Y
Terms/Misc:  
DILHR Req:   Flood Plain:  No
Amp Service:  0
Broker Owned:  N Relo:  
Home Warranty:   Cat 100:  
Multi-Family MLS# 1695491 Pin# Status: Sold
Conveniently located over-sized lot with duplex & cottage! Leases expiring 5/31/21 & later! Lower flat has two bedrooms and an enormous office with hardwood flooring throughout. Upper flat has three bedrooms with a newer nicely-sized balcony. The bi-level cottage is a two-bedroom-plus-office home with one tandem off-street gravel spot accessible from the alley. The cottage resident has been there more than 15 years; they are currently under market rate which, with proper handling, can yield $2.4k higher gross income. NEW water heater installed in cottage within last two months! Roof on cottage only 3yo and east half of duplex roof replaced within last 5yr. All three bathrooms were remodeled. Don't let this investment property get away! BEING SOLD AS-IS.
Directions: I-43 to Locust St, Locust St east to property
Sold Price: $215000.0 Close Date: 08/21/2020 Selling Assoc: Andrew S Meurer merllc
  Unit Type #1 Unit Type #2 Unit Type #3 Unit Type #4
Avg Rent  $995  $900  $700  $0
# Units  1  1  1  0
Est. Sq. Ft  1001-1250, Not Verified  1001-1250, Not Verified  1001-1250, Not Verified  
  1 Bath, 3 or More Bedrooms, Balcony/Patio, Eat-In Kitchen, Living Room, Range/Oven, Refrigerator 1 Bath, 2 Bedrooms, Balcony/Patio, Eat-In Kitchen, Living Room, Range/Oven 1 Bath, 2 Bedrooms, Eat-In Kitchen, Living Room
Listed By:  Wiechmann Realty
 
Copyright 2015 MetroMLS - All Rights Reserved - The information shown on this sheet is believed to be accurate and reliable but is not guaranteed and is subject to corrections Mon, Sep 20, '21