Well maintained, most units newly renovated, 6 unit Multi-Family investment opportunity. Each unit is 800 sq. ft. and has 1 bedroom and 1 bathroom.Offers due by Sunday, 2/18. Binding Acceptance Monday, 2/19, Close of Business. Seller seeking quick close, preferably end of February.Building is currently a 7.2 CAP rate but room to go up to as high as a 9 CAP.
Closed
$408,000
1917 Fairview TERRACE, Racine, WI 53403
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1956
-- sqft lot
$509,400 Zestimate®
$--/sqft
$1,308 Estimated rent
Home value
$509,400
$448,000 - $601,000
$1,308/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: February 28, 2024 at 10:40am
Listed by:
Greg Erchull,
Erchull Real Estate
Bought with:
Greg Erchull
Source: WIREX MLS,MLS#: 1864462
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Heating
- Forced Air
Appliances
- Included: Seller Leased: Dryer, Seller Leased: Washer, Seller Owned: Water Heater
Features
- Basement: Partial
- Has fireplace: No
Property
Parking
- Parking features: No Garage, Inside Parking, Outside
Lot
- Size: 6,969 sqft
Details
- Parcel number: 09174001
- Zoning: Commercial
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick/Stone, Brick
Condition
- 21+ Years
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Racine
- Municipality: Racine
Price history
| Date | Event | Price |
|---|---|---|
| 2/28/2024 | Sold | $408,000-7.3% |
Source:  WIREX MLS #1864462 | ||
| 2/24/2024 | Contingent | $440,000 |
Source: WIREX MLS #1864462 | ||
| 2/14/2024 | Listed for sale | $440,000-8.3% |
Source: WIREX MLS #1864462 | ||
| 1/24/2024 | Listing removed | $480,000 |
Source: WIREX MLS #1843574 | ||
| 1/22/2024 | Listed for sale | $480,000 |
Source: WIREX MLS #1843574 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 53403
Nearby schools
GreatSchools rating
- 2/10Knapp Elementary SchoolGrades: PK-5Distance: 0.6 mi
- NAWalden Iii Middle SchoolGrades: 6-8Distance: 0.8 mi
- 5/10Park High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- District: Racine
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$509,400
2% more+ $10,188
With Zillow Showcase(estimated)
$519,588