WI > Racine
Racine, WI 53404-2700,1639 Douglas AVENUE
Racine, WI 53404-2700,1639 Douglas AVENUE
Racine, WI 53404-2700,1639 Douglas AVENUE
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Listed by Geoffry Stuhr • Smart Asset Realty Inc
$1,295,000
Est. payment /mo
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0.4 Acres Lot
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1639 Douglas AVENUE Racine, WI 53404-2700

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O'Connor Realty Group

O'Connor Realty Group

+1(715) 823-5144

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality RACINE

MLS Listing ID 1930004

Year Built 1928

Building Age 21+ Years

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

Direction 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

Rooms

Basement Partial

Interior

Heating Electric

Cooling Individual Heating Units

Inclusions 1 Refrigerator and Oven/Range per unit.

Equipment Seller Leased: Dryer, Seller Leased: Washer, Seller Leased: Water Heater

Appliance Seller Leased: Dryer, Seller Leased: Washer, Seller Leased: Water Heater

Building

Dwelling Type Apartment Building

Story 1 - 2

Sewer Municipal Sewer, Municipal Water

Structure Type Brick/Stone,Brick,(C) Stucco,Stucco/Slate,Wood

New Construction N

Schools

School District Racine

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O'Connor Realty Group

Business | License ID: 31657-91

+1(715) 823-5144

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1639 Douglas AVENUE

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