Active
  • $1,295,000

    1639 Douglas AVENUE, Racine, WI 53404

    --beds
    --baths
    --sqft
    : 
    Multi Family, Apartment
    Built in 1928
    -- sqft lot
    $1,199,500 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    New roof
    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.
    59 days
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    206
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    14
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