For Sale

Listed by Geoffry Stuhr from Smart Asset Realty Inc

Source: Wisconsin Real Estate Exchange #804070047214

1639 Douglas Ave, Racine, WI, 53404

$1,295,000

0.4 ac.

MultiFam

30+ days on the market

What's around 1639 Douglas Ave

About this property

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.

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