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Property Details

Sold 06/09/2016 12:00 AM
729 S 21st St, Milwaukee, WI 53204 [MLS #: 1465321] $79,000
Listing Courtesy Of: Shorewest Realtors, Inc.
Can We Help You? If you have a question or want to schedule an appointment to see this home, fill out the form below, and we will get right back to you. You can always contact us at (800) 236-1550.

Property Information

Rare investment opportunity, this 8 BR, 3 BA Rooming House, each with a kitchen, holds a permit issued by the City of Milw which requires one to own/operate a dwelling unit with more than t3 unrelated occupants. These permits, popular in the 1940's, are nearly impossible to obtain. Yearly revenue is $36,000 & expenses to operate, including taxes, utilities, & water/sewer is $6,500; a Net income of $29,500 annually. New 35 year roof was put on in Oct 2015, a new furnace was installed in 2013, and the electrical system was updated & brought up to code 2012.

General Information

Basic Details

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City of Milwaukee
Milwaukee
53204
1465321
Multi-Family
RT4
Outdoor Space
Sold

Lot Information

0.14

Additional Features

Aluminum
Forced Air, Natural Gas
Full
Municipal Sewer, Municipal Water

School Information

Milwaukee

Tax Information

$2,222
2015
4341007000

Directions

National Avenue to 21st Street, north to property on right.

Map

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Listing Courtesy Of: Shorewest Realtors, Inc.