1639 Douglas Ave, Racine, WI 53404

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$1,295,000

Beds	Baths	Sq. Ft.	Taxes	Built
		0	$18,577	1928
On the market: 27 days

Est. Monthly Payment:

$9,302($7,754 + $1,548 taxes*)

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APPROVED

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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.

Racine

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Listing courtesy of Geoffry Stuhr, Smart Asset Realty Inc