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1619 16th St

Racine, WI 53403
  • $175,000
  • STATUS: Active
  • ON SITE: 53 Days
  • ID#: 1814404
Price Reduced
UPDATED: 39 min ago
$175,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,514
    SQFT
  • $32
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1906
County:
Area:

School Ratings & Info

Listing provided courtesy of Coldwell Banker Realty -Racine/Kenosha Office: (262) 681-2020.

Description

Great income producing investment property! Building and all units need extensive work. Will not qualify for any kind of financing. 8 units, all 1 bed/1bath currently renting at $650 per month. 6 units occupied with long term tenants. 2 recent vacancies. Vacant units being rehabbed and then vacancies will be filled. Owner currently paying all utilities as well as cable. Average utility cost over last 12 months per WE-Energies $792/mo which includes gas/electric/heat. Last 3 water/waste bills for building average to $137/mo. Insurance per owner 300/mo.

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© 2022 MetroMLS - All rights reserved. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MetroMLS or Keller Williams Realty - Milwaukee Southwest. Data last updated: 2022-12-04T16:52:17.487.
www.milwaukeeforeverhome.com/homes/133843640
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1619 16th St Racine, WI 53403

  • Price: $175,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 39 min ago
  • ID#: 1814404
0
Beds
0
Baths
0
½ Baths
0.1
Acres
5,514
SQFT
$32
$/SQFT
1906
Built
Neighborhood:
Racine
County:
Racine
Area:
Racine
Property Description
Great income producing investment property! Building and all units need extensive work. Will not qualify for any kind of financing. 8 units, all 1 bed/1bath currently renting at $650 per month. 6 units occupied with long term tenants. 2 recent vacancies. Vacant units being rehabbed and then vacancies will be filled. Owner currently paying all utilities as well as cable. Average utility cost over last 12 months per WE-Energies $792/mo which includes gas/electric/heat. Last 3 water/waste bills for building average to $137/mo. Insurance per owner 300/mo.
Exterior Features

Exterior VinylWood Location Corner Parking Spaces 4.00 Proximity To Highway 1-3 Miles Road Frontage None Roofing Composition Truck Door Height No Truck Door

Interior Features

Average Ceiling Height Less Than 8' Basement BlockFull Heating Cooling Hot Water/SteamNatural Gas Miscellaneous Other

Property Features

Commercial Type Other Flood Plain No For Sale Or Lease For Sale Only Municipality City Sale Includes Real Estate Source Acreage Public Records Source Sq Ft Public Records Source Year Built Public Records Tax Year 2021 Taxes 4858.00 Type Business Type Of Business Other Water Waste Municipal SewerMunicipal Water Zoning R3

© 2022 MetroMLS - All Rights Reserved. Information is supplied by seller and other third parties and has not been verified.


© 2022 MetroMLS - All rights reserved. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MetroMLS or Keller Williams Realty - Milwaukee Southwest. Data last updated: 2022-12-04T16:52:17.487.
 
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Keller Williams Realty - Milwaukee Southwest
3830 S. Moorland Road, Suite C
New Berlin WI, 53151
Listing provided courtesy of Coldwell Banker Realty -Racine/Kenosha Office: (262) 681-2020.