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.
Active
$1,295,000
1639 Douglas AVENUE, Racine, WI 53404
--beds
--baths
--sqft
Est.:
Multi Family, Apartment
Built in 1928
-- sqft lot
$1,199,500 Zestimate®
$--/sqft
$-- HOA
What's special
New roof
- 59 days |
- 206 |
- 14 |
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