Listing Provided Courtesy Of:
Image Real Estate, Inc.
Address
1909 Hickory Grove Ave Racine, WI
Price
$ 489,900
Property Attributes
  • MLS#1715710
  • TypePending
  • CountyRACINE
  • CityRacine
  • Zip53403
  • StyleApartment Building
  • Year Built1964
  • Taxes8883
  • Price$ 489,900
  • Bedrooms1
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage750
  • Lot Size3,920 SqFt
Listing Provided Courtesy Of:
Image Real Estate, Inc.
Property Description

Unique opportunity to own a solid brick 10 unit apartment building surrounded by mostly single family homes in Racine! This building has maintained nearly 100% occupancy and offers a nearly 8% cap rate. All units are 1 bedroom and include the stove, refrigerator and build in air conditioners plus (leased) coin opp laundry in the basement. Rents range from $550- $610/month. Tenants pay electric, owner pays heat, water and sewer. Updated windows throughout. This building is currently professionally managed & that can continue if the new buyer chooses for a completely ''turn key'' investment opportunity. Possible package deal with the duplex to the south (MLS# 1667192) for more available parking and additional cash flow. The multi-family market is tight, don't let this opportunity pass you by

Price History
10/21/2020 Listed $489,900

General Features

1st Type Unit 1 Bath, 1 Bedroom, Cable TV Available, Living Room, Range/Oven, Refrigerator, Storage Lockers
Garage Features Extra Space Avail., Near Public Transit, Outdoor Space
Property Type D
School District Racine Unified
Status Pending
Tax Year 2019
Taxes 8883.00
Terms 1031 Exchange
Type Apartment Building
Year Built 1964
Zoning R3

Interior Features

Basement Full, Laundry Facilities
Heating/Cooling Natural Gas
Stories 1-2 Stories
Total Number of Units 10
Type 1 Units 10.00

Exterior Features

Exterior Brick
Flood Plan No
Parking Inside 0.00
Parking Outside 4.00
Roofing Composition
Water/waste Municipal Sewer, Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 53403

Price
AVG $330K
$490K
Taxes
AVG $3,174
$8,883
Year Built
AVG 1927
1964

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