Historic Walkers Point Gem


Milwaukee, WI   Offered for sale at $335,000
 

Completely renovated 120-year-old home in Milwaukee. The 2019 renovation included HVAC, roof, all plumbing, some electrical, gutted bathrooms, new deck, some windows, flooring throughout, a movie room and converted garage into a hot tub room. These features along with the historic charm of the home and 12+ sleep count make this property ideal for groups of all types. The convenient location in the up-and-coming Walkers Point neighborhood is directly adjacent downtown and within minutes of the Brewers and Bucks stadiums, festival grounds, the historic 3rd Ward, multiple wedding venues and the Harley-Davidson Museum. The multitude of visitor types keep this Airbnb busy all year round with gross earnings over $80K for 2021 as of 8/15/21. This number is expected to rise to ~$90K by year end. With 3 years of great rental history, furnishings and several operator friendly systems such as an August remote door lock, ring camera and Smartbnb guest communication automation, this property is turn key. The cleaner (who wishes to continue with new owner) lives next door and keeps an eye on the property in addition to cleaning, yard maintenance, hot tub water changes/cleaning, snow removal and takes deliveries of any necessary supplies for the property.



Property Details
  • 4 Guest Rooms
  • 2 Guest Room Baths
  • Built in 1900
  • Last Renovated in 2021
  • Opened in 2019
  • Building is 1,167 SQFT
  • Lot is 0.1 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $335,000
  • Occupancy Rate: 60%
  • Average Daily Rate: 305
  • Annual revenue is $85,000
  • Terms: $80,000 bookings for 2021 as of 8/15/21. Expected to reach 85-90K by year end.
Contact Information