1639 Douglas Ave, Racine, WI 53404
Local realty services provided by:Better Homes and Gardens Real Estate Power Realty
1639 Douglas Ave,Racine, WI 53404
$1,295,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:geoffry s stuhr
Office:smart asset realty inc
MLS#:1930004
Source:WI_METROMLS
Price summary
- Price:$1,295,000
About this home
Stabilized 34-Unit (Multifamily + Commercial) with New Roof & Proven Cash Flow. Smart investors: welcome to 1639 Douglas Ave, Racine, WIa 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.
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Home facts
- Year built:1928
- Listing ID #:1930004
- Added:54 day(s) ago
- Updated:September 30, 2025 at 01:21 PM
Structure and exterior
- Year built:1928
- Lot area:0.4 Acres
Utilities
- Sewer:Municipal Sewer
Finances and disclosures
- Price:$1,295,000
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