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$ 1,870,000
Est. payment | /mo
1.02 Acres Lot
$ 1,870,000
Est. payment | /mo
1.02 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2032833
Year Built 1979
Annual Tax Amount $31,172
Tax Year 2025
Lot Size 1.020 Acres
Acres 1.02
Property Description
Fully Occupied 20-unit apartment investment opportunity at 3200 Indiana St in Racine. Built in 1979, the property consists of 20 one-bedroom units averaging approximately 700 SF. Eight units have been renovated within the past year with updated flooring, appliances, kitchens and bathrooms, along with improvements to the common areas. Current rents average $976/unit with pro forma rents of $1,125, providing a clear path for continued value-add through renovation and rent growth. Tenant-paid, separately metered electric, individual water heaters, wall-sleeve A/C and electric baseboard heat help maintain an efficient expense structure. Convenient location near shopping, Reservoir Park and Highway 11.
Location
State WI
County Racine
Zoning R3
Rooms
Basement Sump Pump
Interior
Heating Electric
Cooling Radiant/Electric
Exterior
Exterior Feature Brick
Building
Dwelling Type Apartment Building
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Not Assigned
Middle Schools Not Assigned
High Schools Not Assigned
School District Unknown
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Listed by Apartment Cash Flow, Inc.