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  • $880,000

    614 6th STREET, Racine, WI 53403

    --beds
    --baths
    --sqft
    Multi Family, Apartment
    Built in 1928
    -- sqft lot
    $692,400 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Cash flow, location, character... Don't sleep on this great downtown mixed use property. Over a 9 cap at acquisition with room to grow rents and find yourself sitting on a double digit cap rate in short order. 12 apartments, 2 storefronts, 2 storage areas and a garage gives an investor numerous avenues to generate income. Outstanding location in the heart of the 6th street corridor and adjacent to the Machinery Row land earmarked for future development. Beautiful brick building with masonry details from a bygone era of true craftsmanship. Retail is fully leased to 2 great users, a half-floor storage tenant and apartments are a breeze to keep fully occupied in a building with this location and beauty. Bring your buyers and make your offers, this one will have a big fan base for sure!

    Zillow last checked: 7 hours ago

    Listing updated: August 23, 2024 at 06:56pm

    Listed by:

    Segal Goldman Realty Group*,

    RE/MAX Service First

    Bought with:

    Devin Cain

    Source: WIREX MLS,MLS#: 1880705MLS LogoOriginating MLS: Metro MLS

    Facts & features

    Interior

    Heating
    • Natural Gas, Central Air, Hot Water/Steam
    Cooling
    • Central Air
    Appliances
    • Included: Seller Owned: Water Heater
    Features
    • Basement: Full
    • Has fireplace: No

    Property

    Parking
    • Parking features: Outdoor Space, Inside Parking, Outside
    Lot
    • Size: 5,227 sqft
    Details
    • Additional parcels included: 00022001
    • Parcel number: 00027000
    • Zoning: B4
    • Special conditions: Arms Length

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Apartment
    Materials
    • Brick/Stone, Brick, Stone
    Condition
    • 21+ Years
    • New construction: No
    • Year built: 1928

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Racine
    • Municipality: Racine
    Services availability
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