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1625 Phillips Ave

Racine, WI 53403
  • $225,000
  • STATUS: Active
  • ON SITE: 190 Days
  • ID#: 1794735
UPDATED: 31 min ago
$225,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1927
County:
Area:

School Ratings & Info

School District:
Listing provided courtesy of The Curated Key Collective: (262) 497-1198.

Description

Rare opportunity to own one of the few licensed Rooming Houses/SROs in Racine! There are 9 individually leased furnished rooms upstairs and a 2 bedroom apartment below. The rooming house has a kitchen and bathroom and coin op washer and dryer that are shared by the tenants. All tenants are MTM. All units are occupied. With recent tenants renting at $325/room/mo and in-place $775/mo lease for lower, this property is a cash cow! There are also 2-3 garage stalls that can be rented out for additional income. Pro Forma/operating statement available upon request.**Seller has other properties for sale and is open to doing a package deal**

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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: 2022-12-04T15:52:19.113.
www.milwaukeeforeverhome.com/homes/129259494
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1625 Phillips Ave Racine, WI 53403

  • Price: $225,000
  • Status: Active
  • On Site: 190 Days
  • Updated: 31 min ago
  • ID#: 1794735
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1927
Built
County:
Racine
Area:
Racine
School District:
Racine Unified
Property Description
Rare opportunity to own one of the few licensed Rooming Houses/SROs in Racine! There are 9 individually leased furnished rooms upstairs and a 2 bedroom apartment below. The rooming house has a kitchen and bathroom and coin op washer and dryer that are shared by the tenants. All tenants are MTM. All units are occupied. With recent tenants renting at $325/room/mo and in-place $775/mo lease for lower, this property is a cash cow! There are also 2-3 garage stalls that can be rented out for additional income. Pro Forma/operating statement available upon request.**Seller has other properties for sale and is open to doing a package deal**
Exterior Features

Exterior Aluminum Garage Parking Near Public Transit Parking Inside 4.00 Parking Outside 0.00 Stories 1-2 Stories

Interior Features

Basement Full Heating Cooling Hot Water/SteamNatural Gas Unit Type1 2 Bedrooms Unit Type2 1 BedroomFurnished Unit1 Sq Ft 751-1000 Unit2 Sq Ft 750 Or Less

Property Features

Flood Plain No Municipality City Source Acreage Public Records Source Year Built Public Records Tax Year 2021 Taxes 2585.16 Type Duplex +Rooming House Units Type1 1.00 Units Type2 9.00 Water Waste Municipal SewerMunicipal Water Zoning Res

© 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: 2022-12-04T15:52:19.113.
 
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Keller Williams Realty - Milwaukee Southwest
3830 S. Moorland Road, Suite C
New Berlin WI, 53151
Listing provided courtesy of The Curated Key Collective: (262) 497-1198.