This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1911-1921 Taylor Ave
Racine, WI 53403
The Georgian Manor · Multifamily Property For Sale
·
20 Units
PROPERTY FACTS
| No. Units | 20 | Building Size | 30,280 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1927 |
| Building Class | B | Parking Ratio | 0.92/1,000 SF |
| Lot Size | 0.47 AC | No. Drive In / Grade-Level Doors | 7 |
| Zoning | B1 | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.47 AC |
| Building Size | 30,280 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1927 |
| Parking Ratio | 0.92/1,000 SF |
| No. Drive In / Grade-Level Doors | 7 |
| Zoning | B1 |
ABOUT 1911-1921 TAYLOR AVE , RACINE, WI 53403
Georgian Manor was built in 1927 and consists of 20 apartment units and approximately 7,200 SF of ground floor retail space. The apartment units are comprised of (2) 450 SF Studios, (2) 600 SF Studios and (16) 775 SF 1-BR/BA apartments. The property was built on concrete slab with masonry/concrete exterior walls and wood/steel roof and floor structure. The roof has a flat modified-bitumen covered roof. The units are heated via a central boiler which distributes hot water to radiator units. Each unit is individually metered for electrical usage, which is the tenant’s responsibility, and the landlord is responsible for gas, water, sewer, and trash. The property has a total of 28 parking spaces – 9 garage spots and 19 open surface spaces. The property is well maintained with limited competition in the immediate area providing a new operator ease of management, as indicated by the 100% occupancy for both the residential and retail portions of the property. Georgian Manor is located in the South East corner of Wisconsin in the city of Racine. Racine is currently benefitting from the economic drivers of FoxConn, Uline and Amazon’s recent warehouse expansions in Racine and the surrounding community of Kenosha. The property is located 1.5 miles south of the Racine CBD and 1.4 miles west of Lake Michigan. Additionally, the property is located 1.6 miles west of Gateway Technical College which serves 16,000 students within the state of Wisconsin. The property is located in an in-fill area, has great street visibility and is surrounded predominately by residential houses.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | 450 - 600 |
| 1+1 | 16 | - | 775 |
PROPERTY TAXES
| Parcel Number | 276-000016870000 | Improvements Assessment | $699,900 |
| Land Assessment | $82,100 | Total Assessment | $782,000 |
PROPERTY TAXES
