Property Details
CASH COW: Prime Investment Opportunity in Milwaukee's Lower East Side! Seize this prime Queen Anne-style multi-unit property at 1502 E Royall Pl, a high-performing asset in one of Milwaukee’s most sought-after neighborhoods. This historic gem generates $8,905/month in rental income, with full occupany rent reaching $11,400/month at current condition rates. Recent upgrades include two new furnaces, two new boilers, and a new water heater. With $35,607 in annual expenses, full occupancy NOI is $101,192. Priced at $735,000, with a 10% cap rate valuation over $1 million, offering $250k+ in potential equity. Don’t miss this cash-flowing asset in a prime location—contact us today! -- ACCEPTING HIGHEST OFFER BY END OF WEEK--
Address
1502 E Royall Pl
City
Milwaukee
State
Wisconsin
Zipcode
53202
Property Sqft
6500
Lot size
.8 acres
Bedrooms
19
Bathrooms
4
Year Built
1889
Status
Available
Available
Available
Repair & ARV
NEW: Furnace, 2 Boilers, Water heater,
Roof and downspouts are repaired and replaced within the past 18 months
New flooring in vacant units.
No immediate repairs are needed.
Rent & Expenses
Total Rent:
Rental Revenue: $8,905/month or $106,860 annually.
Potential Rental Revenue at full occupancy: $11,400/month or $136,800 annually
10% Increase at full occupancy: $150,480 annually
$600/m unit Average. 4 units with no kitchenette at $400/m. Laundry/Dryer add an additional $200/m on average.
Expenses:
- Taxes: $1,190.70/month ($14,288.40 annually)
- Water: $75/month ($900 annually)
- Energy: $737.58/month ($8,850.96 annually)
- Internet: $50/month ($600 annually)
- Cleaning Service: $400/month ($4,800 annually)
- License: $14/month ($168 annually)
- Maintenance: $500/month ($6,000 annually)
Total Expenses: $2,967.28/month ($35,607.36 annually)
Gallery
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Bedrooms
Bathrooms
Year Built
Interior size