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Listed by Smart Asset Realty Inc
$1,295,000
Est. payment /mo
0.4 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1930004
Year Built 1928
Annual Tax Amount $18,577
Tax Year 2024
Lot Size 0.400 Acres
Acres 0.4
Property Description
Stabilized 34-Unit (Multifamily + Commercial) with New Roof & Proven Cash Flow. Smart investors: welcome to 1639 Douglas Ave, Racine, WI--a stabilized and cash-flowing multifamily investment with immediate income and long-term upside. This 34-unit property (plus rentable commercial suite) has maintained consistently strong occupancy, & offers future rent growth potential through light operational improvements. 32 Residential units + 2 Commercial units (one is management office). New roof 2023 - major capex item off the table. Monthly gross rent: $17,700 & room to grow. Professional management willing to stay on for seamless transition.
Location
State WI
County Racine
Zoning B-2 mixed use
Rooms
Basement Partial
Interior
Heating Electric, Indiv. Heating Units
Cooling Electric, Indiv. Heating Units
Flooring No
Exterior
Exterior Feature Brick, Stucco, Wood
Parking Features Outdoor Space
Building
Dwelling Type Apartment Building
Water Municipal Sewer, Municipal Water
Schools
School District Racine Unified
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