1639 Douglas Ave
Racine, WI 53404
Douglas Avenue Apartments · Multifamily Property For Sale
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34 Units
Property Facts
| No. Units | 34 | Building Size | 20,976 SF |
| Property Type | Multifamily | Average Occupancy | 91% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1928 |
| Building Class | C | Parking Ratio | 0.95/1,000 SF |
| Lot Size | 0.40 AC | ||
| Zoning | B2 | ||
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 20,976 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 0.95/1,000 SF |
| Zoning | B2 |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
About 1639 DOUGLAS AVE , RACINE, WI 53404
WOW!! RARE INVESTMENT & OPPORTUNITY on this 34-UNIT Apartment Complex w/Two Store Fronts, 1-Studio, 1-1 Bedroom and 29 EFFICIENCY APTS!! This is a RIVETING & Awesome Opportunity for the Investor and/or Company to expand the Investment Portfolio in a city with an Explosive Economic growth with the likes of FOXCONN coming with their $10 Billion Investment. Around 10% Cap!! This WELL BUILT and Solid Building has many New Appliances & Some Upgraded Units ( Carpet, Paint). Tenants Pay OWN HEAT & ELECTRIC! All Residential Units include Stove & Fridge. SOLD AS-IS and Where-Is with NO WARRANTIES!! Private Remarks: Any Offers to Include Seller is doing TAX DEFERRED EXCHANGE and Acknowledge Property is being SOLD in its AS-IS, Where-Is as As Is Condition..Leased Laundry Machines on Premises. Building Square Footage almost 21,000 according to City Records. Buyers to rely on Own Inspections.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 30 | $325.00 | 200 |
| 2+1 | 1 | $525.00 | - |
| 1+1 | 1 | $500.00 | - |
Property Taxes
| Parcel Number | 276-000019301000 | Improvements Assessment | $677,600 |
| Land Assessment | $46,900 | Total Assessment | $724,500 |
Property Taxes
