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Belle Harbor 134 Main St 78 Unit Apartment Building $11,000,000 ($141,026/Unit) 6.10% Cap Rate Racine, WI 53403
Executive Summary
Rare Opportunity to Add a Perfectly Maintained Building to Your Portfolio! Belle Harbor Lofts is a 78 Unit Complex located in the Heart of Downtown Racine and features One, Two, and Three Bedroom Floorplans. These Urban-Chic Loft-Style Apartments feature In-Unit Laundry, Extra Large Closets, Upgraded Appliances, Dishwashers, and Central Air. Common Amenities include a Media Room, Fitness Center, Clubhouse, Picnic Area, and Elevator. Included with the sale are 2 Additional Parcels for Parking totaling 63 Spaces.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $11,000,000 | Building Class | B |
| Price Per Unit | $141,026 | Lot Size | 0.87 AC |
| Sale Type | Investment | Building Size | 78,748 SF |
| Cap Rate | 6.10% | Average Occupancy | 95% |
| Sale Condition | 1031 Exchange | No. Stories | 4 |
| No. Units | 78 | Year Built/Renovated | 1890/2022 |
| Property Type | Multifamily | Parking Ratio | 0.8/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | I2 - industrial | ||
| Price | $11,000,000 |
| Price Per Unit | $141,026 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Sale Condition | 1031 Exchange |
| No. Units | 78 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.87 AC |
| Building Size | 78,748 SF |
| Average Occupancy | 95% |
| No. Stories | 4 |
| Year Built/Renovated | 1890/2022 |
| Parking Ratio | 0.8/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | I2 - industrial |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Eat-in Kitchen
- High Speed Internet Access
- Refrigerator
- Sprinkler System
- Range
- Views
- Breakfast Nook
Site Amenities
- Clubhouse
- Fitness Center
- Picnic Area
- Property Manager on Site
- Media Center/Movie Theatre
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 30 | $995.00 | 723 |
| 2+1 | 1 | $1,250 | 718 - 994 |
| 2+2 | 37 | $1,275 | 900 - 1,111 |
| 3+2 | 10 | $1,395 | 1,045 - 1,300 |
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Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | 276-000000033000 | Improvements Assessment | $5,475,400 (2024) |
| Land Assessment | $320,600 (2024) | Total Assessment | $5,796,000 (2024) |
Property Taxes
Parcel Number
276-000000033000
Land Assessment
$320,600 (2024)
Improvements Assessment
$5,475,400 (2024)
Total Assessment
$5,796,000 (2024)
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Belle Harbor | 134 Main St
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