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949 Washington Ave

Racine, WI 53403
  • $724,999
  • STATUS: Active
  • ON SITE: 153 Days
  • ID#: 1809315
$724,999
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1931
County:
Area:

School Ratings & Info

School District:
Listing provided courtesy of Coldwell Banker Realty: (414) 277-9500.

Description

Back on the Market! 11% Cap Rate Mixed Use Multi Family property in Racine, WI. The Unit mix is 15 Studio units, one-1 bedroom unit plus One-store front. Property offers a new elastomeric roof, new cast iron boilers replaced in 2019, tuck pointing completed in 2019, all 175-gallon stainless domestic system, all shower posi temps and drain sets replaced, masonry restored, new tile, baths restored, new intercom system, cabinets, appliances, light fixtures & ceiling fans, new wall & ceiling surfaces & flooring. Huge basement w/tenant storage, shop, new water heater.LAND CONTRACT TERMS: MINIMUM 40% DOWN, 6.5% INTEREST RATE ( NEGOTIABLE) 5 YEAR BALLOON NO PRE PAY.

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© 2023 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: 2023-01-31T23:52:21.52.
www.milwaukeeforeverhome.com/homes/132647033
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949 Washington Ave Racine, WI 53403

  • Price: $724,999
  • Status: Active
  • On Site: 153 Days
  • ID#: 1809315
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1931
Built
County:
Racine
Area:
Racine
School District:
Racine Unified
Property Description
Back on the Market! 11% Cap Rate Mixed Use Multi Family property in Racine, WI. The Unit mix is 15 Studio units, one-1 bedroom unit plus One-store front. Property offers a new elastomeric roof, new cast iron boilers replaced in 2019, tuck pointing completed in 2019, all 175-gallon stainless domestic system, all shower posi temps and drain sets replaced, masonry restored, new tile, baths restored, new intercom system, cabinets, appliances, light fixtures & ceiling fans, new wall & ceiling surfaces & flooring. Huge basement w/tenant storage, shop, new water heater.LAND CONTRACT TERMS: MINIMUM 40% DOWN, 6.5% INTEREST RATE ( NEGOTIABLE) 5 YEAR BALLOON NO PRE PAY.
Exterior Features

Exterior Brick Garage Parking None Parking Inside 0.00 Parking Outside 0.00 Stories 3-4 Stories

Interior Features

Basement FullPoured Concrete Heating Cooling Hot Water/SteamNatural Gas Unit Type1 Studio/Efficiency Unit Type2 1 Bedroom Unit Type3 Other Unit1 Sq Ft 750 Or Less751-1000 Unit2 Sq Ft 750 Or Less751-1000 Unit3 Sq Ft 750 Or Less

Property Features

Financing Available Land ContractOwner May Assist Flood Plain No Municipality City Source Acreage Public Records Source Year Built Public Records Tax Year 2021 Taxes 9550.00 Type Apartment Building Units Type1 15.00 Units Type2 1.00 Water Waste Municipal Water Zoning B3

© 2023 MetroMLS - All Rights Reserved. Information is supplied by seller and other third parties and has not been verified.


© 2023 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: 2023-01-31T23:52:21.52.
 
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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: (414) 277-9500.