This cute Milwaukee bungalow is listed for $19,900, less than a fifth of its Zillow.com estimated value of $108,000. The house is situated on the northwest side of Milwaukee in a tidy residential neighborhood. The foreclosee here paid $54,000 for this house several years ago (9/17/2001).This REO appears to be in decent condition overall, and will likely just need some basic cosmetic and finish work costing about $3,000 to $5,000. This could be a great opportunity for an owner-occupant to own a house for far cheaper than the cost of renting one, or it could be a good investment opportunity. This house could be rented for $650 to $850 per month, delivering outstanding cashflow. If you’re in the area and looking for a decent deal, check out this place.
The basics...
Address: 4863 N 49th Street, Milwaukee, WI 53218
Current Listing Price: $19,900
PREVIOUS Sale Price: $54,000 (9/17/2001)
Size: 3 Bedrooms, 1 Bathroom; 1,080 square feet
Lot: .14 acres
http://www.realtor.com/realestate/milwaukee-wi-53218-1098753654/
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