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1639 Douglas Ave

Racine WI 53404

0.4 ac.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

0.4 ac. lot size
Multi-Family

Happy sellers in Racine

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We have insufficient information to provide an overview of customer satisfaction for Racine. Viewing the agent profiles, reviews and sales for Racine can provide insights for this location.

Local market activity for multi families in Racine

In the last 12 months, 35 multi families similar to 1639 Douglas Ave, have been sold.

This represents a 6% decrease in multi families sales when compared to the previous 12 months.

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