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2-Milwaukee 2 Family properties Online Auction
2 x Milwaukee 2 family double flats up for auction. Each property has one unoccupied unit which will need a little TLC before renting. Units rent for $800+ with tenant paying utilities. Each property will be up on this online auction to bid on seperately and have one current tenant in each property. A management company has been overseeing these properties and will be in charge of opening the properties up for buyers to view. NOTE: These properties will be difficult to view and we will conduct one OPEN HOUSE to view the occupied properties. UNIT 1- 3872 N. 36th Street Milwaukee WI- 2 bedroom down, 1 bedroom in the upper unit with - 1 bathroom- kitchen and living room in each unit, with access to laundry in the full unfinished basement. Storage building wilth alley access. Updated in the past 10 years. New furnaces for both units, updated hot water heaters, seperate utilities. Rents are estimated at $800 upper and $825 Lower. Per assessor the property is 2340 sq ft total. Built in 1943, Stucco exterior and asphalt roof which appears to be updated. UNIT 2- 4208-4210 N. 25th Street Milwaukee WI. - 2 bedroom each unit with 1 bathroom in each unit. Kitchen, dining room and living room in each unit. Upper level is occupied. The lower unit will need update to bathroom before renting. Hot water heaters appear to be leaking. FHA - gas furnaces. Asphalt roof, vinyl siding, 3472 square foot total GLA per the assessor. Built in 1927. Upper unit is paying $800/mth and the lower is estimated at $850 per month, when it is updated to rent. The tenants pay seperate utilites. One 2 car detached garage with alley access.
The final bid price + 6% will determine the purchase price of the property which is put on the offer to purchase.