Merrill Park Duplex for $16/ft

Milwaukee County, Milwaukee, WI, 53208
Sold
Listed at: February 15th, 2022
Price
$57,500
Sq. Footage
3406
Type
Attached
Parking
Assigned
Year build
1903
Lot size
5760.00 sqft
Bedrooms
6
Bathrooms
2
Half Bathrooms
0
Summary

Welcome to Merrill Park! This large 6/2 Duplex is close to schools, parks and would make great investment property. Repairs and cosmetic upgrades throughout will be needed to maximize rent potential. Tenants are m-t-m. 


STATS:

  • Bed/Bath: 6 Bed/ 2 Bathroom (3/1 up - 3/1 down)
  • Sqft: 3,406 sqft
  • Land SqFt: 5,760
  • Built: 1903
  • Current Rents: $700 lower - $650 upper 
  • Market Rents:$1800-$2400


Fast Facts:

  • Roof - 25 years old, 1/4 of the roof was replaced 2 years ago due to damage from a tree
  • HVAC - 20 years old
  • Windows - 20 years old 
  • Hot Water Heater - 7 and 20 years old 
  • Electrical - Original  
  • Plumbing - Original 
  • Foundation - Original
  • Kitchens & Bathrooms - Dated
  • Occupancy - Tenanted m-t-m
  • Appliances - Not included


SOLD MLS COMPS

  • 521 523 N 32ND St (6/2, 3,232 sqft) - $125K, $37/sqft - Clean
  • 3302 W Saint Paul Ave (9/3, 3,103 sqft) - $112K, $36/sqft - As Is 
  • 420 422 N 29th Street (8 / 3, 2935 sqft) - $75K, $25/per sqft - As Is 
  • 316 318 N 30th (4 / 2, 2920 sqft) - $73K, $25/ per sqft - As Is


PENDING MLS COMPS

  • 230 N 30th St ( 6/2 , 2242 sqft) - $38900 / $20.52ft - As Is


RENTOMETER

  • 1646 N Prospect Ave, Milwaukee, WI 53202 (6 Bed/ 3 Bath) - $2,400
  • 4469 N 63rd St, Milwaukee, WI 53218 (6 Bed/ 3 Bath) - $2000


1. Tallbridge Real Estate is selling their equitable interest in the contracts to purchase the aforementioned properties. All properties are sold for cash or hard money. 2. Buyers responsibility to do your own due diligence and verify all information. 3. Prices are NET to seller with buyer paying all closing costs unless otherwise stipulated. 4. Opinions of value / rents are given as a courtesy and no guarantees are expressed or implied.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Maxime Stephenson

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Disposition manager