Bought with Realty Executives Integrity~Brookfield
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2500 E Edgewood Ave Unit 2502 Shorewood, WI 53211
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Key Details
Sold Price $350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Menlo Park
MLS Listing ID 1753368
Sold Date 11/17/21
Year Built 1900
Annual Tax Amount $7,702
Tax Year 2020
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 0.119
Property Description
This is a three family and being marketed as a two family and Multi Family. This Investment property has had a great rental history and this is the 1st time this home is available in over 50 years. The first floor has been used as a 3 bedroom but offers flexibility in the floor plan. The 2nd floor is 3 bedrooms and the 3rd is a 1 bedroom. Yearly Projected Gross income-$45,420-projected, Estimated expenses per seller $7802 for 2020 tax, $888 for heat (2nd & 3rd per WeEnergies), 2020 water sewer $1,251. Total estimated expenses per owner $9,941. Net projected yearly income before debt service- $32,239. Do the math based on your financing plan and you'll discover this investment offers a great return. Call for your appointment today!
Location
State WI
County Milwaukee
Zoning Residential
Rooms
Basement Block, Full
Interior
Heating Forced Air, Hot Water/Steam, Indiv. Heating Units, Natural Gas
Cooling Forced Air, Hot Water/Steam, Indiv. Heating Units, Natural Gas
Flooring No
Exterior
Exterior Feature Aluminum, Wood
Garage Extra Space Avail., Indoor Space, Near Public Transit, Outdoor Space
Roof Type Composition
Building
Water Municipal Sewer, Municipal Water
Schools
Elementary Schools Atwater
Middle Schools Shorewood
High Schools Shorewood
School District Shorewood
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