Bought with Schnabl Real Estate Group*
$350,000
$399,900
12.5%For more information regarding the value of a property, please contact us for a free consultation.
2500 E Edgewood Ave #2502 Shorewood, WI 53211
2,381 SqFt
Key Details
Sold Price $350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,381 sqft
Price per Sqft $146
Municipality SHOREWOOD
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
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 Natural Gas
Cooling Forced Air, Hot Water/Steam, Individual Heating Units
Equipment Seller Owned: Dryer, Seller Owned: Washer
Exterior
Exterior Feature Aluminum/Steel, Aluminum, Wood
Garage Indoor Space
Waterfront N
Roof Type Composition/Fiberglass
Building
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
Elementary Schools Atwater
Middle Schools Shorewood
High Schools Shorewood
School District Shorewood
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