Highgrove has been working closely with real estate professionals in Milwaukee to seek out and acquire properties in the area at discounted prices up to and in some cases exceeding 50% off of fair market value. The goal of HHM is to amass 1,100 properties in the Milwaukee. Properties purchased according to our all cash-strategy provide tremendous cash flow of 12%-18% returns annually, while allowing their values to increase to the top of the market.
Considering that the average price of a property purchased for investment purposes, including rehabilitation, averages approximately $35,000 and receives an average net income of $6,322 per year, each property generates a gross annualized return rate of just over 20% and in some cases have exceeded 30%.
Milwaukee is the largest city in the State of Wisconsin. It is the county seat of Milwaukee County and is located on the southwestern shore of Lake Michigan. According to 2015 census estimates, the City of Milwaukee has a population of 589,697.
It is the main cultural and economic center of the Milwaukee–Racine–Waukesha Metropolitan Area, with a population of 2,043,904.
These nine Fortune 500 companies bring Milwaukee to 5th place in the U.S. when ranked with other cities that are home to Fortune 500 companies. These companies, along with service, managerial, and healthcare industries, combine to make up nearly 45% of the workforce in the Milwaukee area. Additionally, there are a number of Fortune 500 companies in the Chicago area. This bodes well for Milwaukee, which is considered to be a “commuter” city for many in Chicago’s workforce. With the availability of jobs and a more reasonable cost of living, Milwaukee is showing great promise as the economy strongly recovers and the housing market climbs upward.
Beginning in 2002, the city of Milwaukee has worked hard to redevelop
Milwaukee has shown a healthy recovery in home values and a steady decrease of inventory, making this the most opportune time to acquire properties in the area. The majority of the remaining inventory is comprised of lower valued homes which require capital improvements that homebuyers in the same price range could not afford to complete.
“The metro Milwaukee housing market is the third healthiest in the nation, according to a new Health of Housing Markets Report from Columbus, Ohio-based Nationwide.” –Milwaukee Business News (Biztimes) Dec, 2015
Milwaukee rents have remained fairly stable through the last six years. A two bedroom unit has averaged just above $900 per month since 2009 and a one bedroom unit has averaged just under $800 per month.
As the chart shows, the rental rates have been climbing steadily especially after a slight decline in 2013 and are projected to continue to climb as the demand for rentals increases.
Sq Ft: 1,931
Year Built: 1926
Sq Ft: 2,246
Year Built: 1929
Sq Ft: 2,000
Year Built: 1902
Sq Ft: 1,762
Year Built: 1962
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