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.

Features
: Partial
: Outdoor space
Location Details
3 Mile Rd to Douglas Ave, south to Property. Or Sh
US
WI
Racine
Racine
53404
Douglas
1639
Ave
Racine Unified
0
W88° 12' 24.2''
N42° 44' 29.4''
Property Information
Active
B-2 mixed use
$18,577
2024
: Electric, Indiv. Heating Units
: Apartment building
: Municipal sewer, Municipal water
of26123
Smart Asset Realty Inc
(262) 232-8738
adam@smartassetrealty.com
29404
Geoffry S Stuhr
0 Sqft
0
20
34
$0

Multi-Family Investment

1639 Douglas Ave, Racine, Wisconsin 53404

0 Bedrooms
0 Bathrooms
0 Sqft
$1,295,000
Listing ID #1930004
Basic Details
Property Type : Multi-Family Investment
Listing Type : For Sale
Listing ID : 1930004
Price : $1,295,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1928
Lot Area : 0.40 Acre
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