$73,500
Sold on 6/09/16
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
|
0 |
$2,222 |
1896 |
|
On the market:
85 days
|
View full details, 15 photos, school info, and price history
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.
