13
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$785,000
Est. payment /mo
3,484 Sqft Lot
Price Dropped by $10K
1502 E Royall PLACE Milwaukee, WI 53202
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1916719
Year Built 1889
Annual Tax Amount $16,252
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Property Description
19-unit Rooming house that has potential to produce over $10k per month in gross income. Fantastic Eastside location close to Brady Street and public transit. Most rooms have their own private kitchen. 3 Garage parking Spaces, 3 outdoor parking spaces. The property has been run as a licensed rooming house since the 1960s. Currently, still being run as a rooming house. Management has retired and ownership is looking to sell. City has property assessed at $1,186,700. Create equity right away!
Location
State WI
County Milwaukee
Zoning RM7
Rooms
Basement Block, Full
Interior
Heating Natural Gas
Inclusions Appliances that are onsite. Coin operated washer and dryer! Bring in an extra couple hundred dollars per month in revenue.
Equipment Seller Owned: Dryer, Seller Owned: Washer, Seller Owned: Water Heater
Exterior
Exterior Feature Brick/Stone, Brick, Stone, Wood
Parking Features Indoor Space
Building
Dwelling Type Rooming House
Sewer Municipal Water
New Construction N
Schools
School District Milwaukee
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Listed by Sam Leaf
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Daniel Bertelson