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$ 589,000
Est. payment | /mo
5,017 SqFt
$ 589,000
Est. payment | /mo
5,017 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,017 sqft
Price per Sqft $117
MLS Listing ID 1945152
Year Built 1920
Annual Tax Amount $6,844
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Great fully occupied investment opportunity. Beautiful Brick Building with 5 very unique units. Only blocks away from Lake Michigan, Downtown, and Gateway Technical College. This property offers one large 3/4-bedroom unit, and four one-bedroom units, along with a detached garage. All units include stove and refrigerator. Current rents total $4725/mo. Coin operated washer and dryer in basement for tenant convenance. There is also potential for a large storage/rental area in the basement. Owner is also including 2 vacant lots in this sale. Both lots are in Racine. 256 N.Memorial Dr & 1707 Spring Pl. 1707 is .21 acres, backs up to Root River and is suitable for a single or 2 family home. Memorial is .07 and suitable for a single-family home. So much potential here to grow your portfolio!
Location
State WI
County Racine
Zoning R4
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Hot Water/Steam
Inclusions 5 Stoves, 5 refrigerators, 1 dishwasher, 1-coin operated washer, 1-coin operated dryer.
Equipment Seller Owned: Dryer, Seller Owned: Washer
Exterior
Exterior Feature Brick/Stone, Brick
Parking Features None
Building
Dwelling Type Apartment Building
Story 1 - 2
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
School District Racine
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Listed by Image Real Estate, Inc.