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3538 Douglas Ave
Racine, WI 53402
Douglas Terrace · Multifamily Property For Sale
·
202 Units
Investment Highlights
- Eight Buildings Feature 15 Distinct Floor Plans
- Amenities Include a Brand-New Pool, Sundeck, and Dog Park
- 42 Remodeled Units; 160 Units Present Value Add Opportunity
Property Facts
| No. Units | 202 | Building Size | 223,206 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1966/1995 |
| Building Class | C | Parking Ratio | 1.39/1,000 SF |
| Lot Size | 6.76 AC | ||
| Zoning | R5 | ||
| No. Units | 202 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.76 AC |
| Building Size | 223,206 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1966/1995 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | R5 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Tile Floors
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Patio
Site Amenities
- Playground
- Pool
- Property Manager on Site
- Package Service
- Pet Play Area
- Storage Space
- Maintenance on site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | $968.50 | 450 |
| 1+1 | 110 | $1,126 | 676 - 865 |
| 2+1 | 64 | $1,188 | 779 - 993 |
| 2+2 | 4 | $1,271 | 1,144 - 1,400 |
| 3+2 | 16 | $1,469 | 1,185 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $13,868,500 | |
| Land Assessment | $801,800 | Total Assessment | $14,670,300 |
Property Taxes
Parcel Numbers
Land Assessment
$801,800
Improvements Assessment
$13,868,500
Total Assessment
$14,670,300
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