|
|
- 0
- Bedrooms
- Baths
- 0
- Sq Feet
- 0.0 to .499
- Lot Size
- N
- Waterfront
- 0.0 to .499
- Lot Size
- N
- Waterfront
Property Essentials
- MLS #
- 1930004
- Listing Key
- 804070047214
- Price
- $1,295,000
- Beds
- 0
- Total Baths
- Full Baths
- 0
- Half Baths
- 0
- Taxes
- $18,577
- Tax Year
- 2024
- Property Type
- Multi-Family
- Building Type
- Apartment Building
- Est Age Range
- 21+ Years
- New Construction
- N
- Zoning
- B-2 mixed use
- Water Front
- N
- Acreage Range
- 0.0 to .499
- Source Acres
- Assessor/Public Record
Location
- Address
- 1639 Douglas AVENUE
- Display Street Number
- 1639
- Municipality
- City of RACINE
- Postal City
- Racine
- Street Name
- Douglas AVENUE
- Street Suffix
- AVENUE
- Zip4
- 2700
- Postal Code
- 53404
- County
- RACINE
Interior
- Appliances
- Seller Leased: Dryer, Seller Leased: Washer, Seller Leased: Water Heater
- Basement
- Partial
- Heat/Fuel
- Electric
- Heating/Cooling
- Individual Heating Units
- Water Waste
- Municipal Sewer, Municipal Water
Exterior
- Exterior
- Brick/Stone, Brick, (C) Stucco, Stucco/Slate, Wood
- Parking
- Outdoor Space, Inside Parking, Outside
Misc
- Licensee Interest
- Y
- Limited Service
- N
- List Office
- Smart Asset Realty Inc
|
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.
Contact Place Perfect Realty
(920) 434-2400
Inquire About This Property
Room Dimensions
| Room | Basement
Level | Lower
Level | Main
Level | Upper
Level | |
|---|
Waterfront
|
Directions
3 Mile Rd to Douglas Ave, south to Property. Or Sheridan Rd north through downtown Racine to State St. West on State to Douglas. North to Property
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the RANW MLS. Real estate listings held by brokerage firms other than Place Perfect Realty and The Commercial Place are marked with the MLS icon and include the name of the listing broker. Only listings of Brokers participating in IDX are included.
Information herein is not warranted and subject to change without notice. We assume no liability for errors. We believe this information to be correct, however, buyers should check for themselves.