$1,295,000

1639 Douglas AVENUE, Racine, WI 53404

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1928
  • Property Lot Size Icon0.4acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 months ago

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.

Listing Status:
Active
Listing Office:
Smart Asset Realty Inc : 2622328738
Listing Agent:
Geoffry Stuhr : 4143642254
MLS ID:
804070047214
  • Appliances: Seller Leased: DryerSeller Leased: WasherSeller Leased: Water Heater
  • Basement: Partial
  • A/C: Individual Heating Units
  • General: Brick/StoneBrick(C) StuccoStucco/SlateWood
  • Parking: Outdoor SpaceInside ParkingOutside
  • General: Apartment Building
  • Originating MLS: WIREX_METRO
  • School District: Racine
  • County: RACINE
  • Zoning: B-2 mixed use19301000
  • Sewer: Municipal SewerMunicipal Water
  • Source: WIREX_METRO
  • Exclusions: Seller and Tenant Personal Property

This listing courtesy of Geoffry Stuhr, Smart Asset Realty Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Red Apple Elementary School

914 Saint Patrick St, Racine, WI, 53402

Grades KG-5

0.12 miles away

G

Gilmore Fine Arts School

2330 Northwestern Ave, Racine, WI, 53404

Grades KG-8

0.75 miles away

H

Horlick High School

2119 Rapids Dr, Racine, WI, 53404

Grades 9-12

0.88 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.