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$1,295,000
-- Bed
-- Bath
--sqft
1639 Douglas Avenue Avenue, Racine, WI 53404
$1,295,000
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Multi Family
Built in 1928
$-- HOA
17,424 sqft lot
--/sqft
Description
Stabilized 34-Unit (Multifamily + Commercial) with New Roof & Proven Cash Flow. Smart investors: welcome to 1639 Douglas Ave, Racine, WI--a stabilized and cash-flowing multifamily investment with immediate income and long-term upside. This 34-unit property (plus rentable commercial suite) has maintained consistently strong occupancy, & offers future rent growth potential through light operational improvements. 32 Residential units + 2 Commercial units (one is management office). New roof 2023 - major capex item off the table. Monthly gross rent: $17,700 & room to grow. Professional management willing to stay on for seamless transition.
- Houzeo last checked: 30 Minutes ago
- Listing updated: August 8, 2025 at 5:06 pm
- Listing Provided by: Geoffry Stuhr (414) 364-2254 | Smart Asset Realty Inc (262) 232-8738
- Source: WIREX | MLS#: 1930004
- Originating MLS: Metro MLS
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1928
HOA Fees
-
Finished Area
- sqft
Lot Size
17,424 sqft lot
Basement Area
- sqft
MLS Name
WIREX
MLS Number
1930004
Days on Market
121
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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