Racine, WI 53404 1639 Douglas Ave
$1,295,000
11 more
Presented By: Smart Asset Realty Inc;
Beds • 3
SQFT • 3,002
Home Details
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.
Presented By: Smart Asset Realty Inc;
Interior Features for 1639 Douglas Ave
Other Interior Features
BasementPartial
Heating/CoolingElectric, Indiv. Heating Units
Stories1-2 Stories
Total Number of Units34
Type 1 Units30.00
Type 2 Units1.00
Type 3 Units1.00
Type 4 Units2.00
General for 1639 Douglas Ave
1st Type UnitStudio/Efficiency
2nd Type Unit1 Bedroom
3rd Type Unit2 Bedrooms
4th Type UnitOther
CityRacine
CountyRacine
Directions3 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
Garage/ParkingOutdoor Space
MunicipalityCity
Property TypeD
School DistrictRacine Unified
Tax Year2024
Taxes$18,577
TypeApartment Building
Year Built1928
ZoningB-2 mixed use
Exterior for 1639 Douglas Ave
ExteriorBrick, Stucco, Wood
Flood PlanNo
Parking Inside0.00
Parking Outside20.00
Water/WasteMunicipal Sewer, Municipal Water
Additional Details
Price History
