Multi-Family

Year 1928

N/A SQ FT

0.4 ACRES

N/A ROOMS

N/A BEDS

/ BATHS

N/A CARS

Racine Home for Sale

$1,295,000

1639 Douglas Ave
Racine WI 53404

Listed by Smart Asset Realty Inc

Share Property

Stabilized 34-Unit (Multifamily + Commercial) with New Roof & Proven Cash Flow. Smart investors: welcome to 1639 Douglas Ave, Racine, WIa 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.

Property Details

Listing Details

Price

$1,295,000

Year Built

1928

Levels

N/A

SQ FT

N/A

Lot Size

0.4 ACRES

Tax Key

19301000

TaxYear

N/A

Property Taxes

$N/A

Property Type

Multi-Family

Property Status

Active

MLS#

1930004

Inclusions

1 Refrigerator and Oven/Range per unit.

Exclusions

Seller and Tenant Personal Property

Interior Details

Included Appliances

Interior Features

Exterior Details

Architectural Style

N/A

Construction Materials

Stucco, Wood, Brick

Garage Spaces

N/A

Parking Features

Outdoor Space

Lot Features

N/A

Exterior Features

N/A

Other Structures

N/A

Waterfront Features

N/A

Utilities & Energy

Heating

N/A

Cooling

N/A

Water Source

Municipal Water

Municipal Water

Videos & Virtual Tours

1639 Douglas Ave Front
Aerial
Exterior
Electric Meters
Kitchen
Kitchen
Living Room
Living Room
Hallway
Kitchen
Dinette
Living Room
Living Room to Kitchen
Living Room to Kitchen
Living Room
Kitchen

About Racine

Racine, Wisconsin is a thriving city situated on the shores of Lake Michigan. With its rich history, diverse culture, and stunning natural scenery, Racine offers an exceptional quality of life to its residents. The city boasts a range of housing options, from historic homes to modern apartments, all set in unique and charming neighborhoods.

Racine is also home to a vibrant downtown area, bustling with local businesses and restaurants, and a range of recreational opportunities for residents of all ages, including parks, beaches, and bike trails. Its prime location between Milwaukee and Chicago makes it a convenient choice for commuters and those who enjoy big city amenities while still living in a smaller community. Start your search for your dream home in Racine today and discover the best of Wisconsin living!

Community Population

77,931

Community Area

18.68 SQ/MILES

Community Suburb of

Racine County

Community Lifestyle

Suburban

Nearby Schools

Elementary School

N/A

Middle Or JuniorSchool

N/A

HighSchool

N/A

School District

Racine Unified

Get In Touch With

Wisconsin's #1 Boutique Broker ™

Suzanne Powers

Suzanne Powers

FOUNDER | CEO

414.963.0000

Powers Realty - Shorewood

4214 North Oakland Avenue, Shorewood, WI 53211

Request a Showing for

1639 Douglas Ave, Racine, WI 53404

$1,295,000

We would love to show you this beautiful property. Please select your preferred showing date and time below. An agent from Powers Realty will be in touch shortly to confirm your appointment.

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