🔥 Hybrid Deal in Milwaukee, WI 53206! 🔥
🏠 Property Type: Duplex
🛏️ Beds/Baths/Sqft: 2 beds, 1 bath per unit / 1,754 sqft total (two units)
💰 Total Purchase Price: $122,000
💵 Entry Fee: $27,000 + CC + TC
📅 COE (Close of Escrow): 30 days
🔑 Occupancy:

• Upstairs Unit: Currently rented at $800/month (month-to-month, market rent $1,100/month)
• Downstairs Unit: Vacant, market rent $1,100/month
  💸 LTR Rate (Section 8): $2,200/month combined (both units at $1,100/month)

📑 Mortgage Balance: $38,600
📉 Interest Rate: 5.5%
🏦 PITI Payment: $621/month
💵 Seller Finance Payment: $57,000, $800/month (0% interest principal only payments), with a 10-year balloon
💲 Total Monthly Payment: $1,421/month

Property Condition:
The duplex needs a new roof due to a leak that affected the upstairs ceiling. Floors need refinishing, new tiles are needed, and the upstairs unit requires a new toilet. The kitchen lacks a stove and refrigerator. No updates have been made to plumbing, electrical, HVAC, or the water heater in the past five years. Seller received a $20,000 quote to complete all repairs.