About 1639 Douglas Ave
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 of 1639 Douglas Ave
| MLS® # | 1930004 |
|---|---|
| Price | $1,295,000 |
| Acres | 0.40 |
| Year Built | 1928 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 1639 Douglas Ave |
|---|---|
| City | Racine |
| County | Racine |
| State | Wisconsin |
| Zip Code | 53404 |
Amenities
| Parking Spaces | 20 |
|---|---|
| Parking | Outdoor Space |
| Is Waterfront | No |
Interior
| # of Stories | 1 |
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Exterior
| Exterior | Brick, Wood, Stucco/Slate |
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School Information
| District | Racine Unified |
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Additional Information
| Zoning | B-2 mixed use |
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| Foreclosure | No |
| Short Sale | No |
| Data Source | MetroMLS |
Listing Details
| Office | Smart Asset Realty Inc |
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