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$185,000 / 2750ft2 - Brining in 4,295 per month - 11 Bed 2 Bath Rooming House / Motel (Milwaukee)

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0BR / 2Ba 2750ft2 available now
license info: Lake Breeze Realty
March Rent was $4,295
Investor Cash Cow Special!
11Bed 2 bath Rooming House

Incredible Investment! This property is a Cash Cow with many updates in 2024 including 2 new bathroom sinks, New Support Beams in Basement, New Kitchen Flooring, 2 New Water Heaters, and New Hand Dryer. Painted hallways and rooms! New Smart Locks on Main Entry Doors! Priced Below Assessed Value! The lower unit features 4 bedrooms, 1 bath, New hardwood flooring. The upper unit functions as a rooming house with 7 bedrooms and is brining in between $450 - $650 Per Room. Mar Rent was $4295 This Property has the potential to bring in $6,150 per month When fully occupied OR MORE if New Owner decides to Add Additional Rooms and Bathrooms on the 3rd level. Owners have done many updates and have a property manager who has gotten it almost fully occupied. Multiple offers previously received, Recently back available as this property will require Cash, Hard Money or Private financing! Lenders may not offer residential financing to an 11bedroom rooming house, It needs to be financed as an investment property OR paid with Cash!
Showing Instructions: 24 notice required - Tenant Occupied

To View Listing Go here: https://lakebreezerealtors.com/listing-detail/1141112166/3251_N_11th_STREET_-3253-Milwaukee-WI?source=search&timeStamp=1712951464442&condition=%7B%7D&listingSort=RELEVANCE&timezone=GMT-0500&pageSize=3&siteId=70292&page=1&userId=848641198240971&

post id: 7736623588

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