$1,870,000

Multi Family In Racine

  • 20 Beds
  • 20 Baths
  • 1.02 Ac lot
  • Updated: September 17
  • Source: South Central Wisconsin Multiple Listing Service  MLS#2032833

About the Property

20-unit apartment investment opportunity at 3200 Indiana St in Racine. Built in 1979, the property consists of 20 one-bedroom units averaging approximately 700 SF. Eight units have been renovated within the past year with updated flooring, appliances, kitchens and bathrooms, along with improvements to the common areas. Current rents average $969/unit with pro forma rents of $1,125, providing a cle
20-unit apartment investment opportunity at 3200 Indiana St in Racine. Built in 1979, the property consists of 20 one-bedroom units averaging approximately 700 SF. Eight units have been renovated within the past year with updated flooring, appliances, kitchens and bathrooms, along with improvements to the common areas. Current rents average $969/unit with pro forma rents of $1,125, providing a clear path for continued value-add through renovation and rent growth. Tenant-paid, separately metered electric, individual water heaters, wall-sleeve A/C and electric baseboard heat help maintain an efficient expense structure. Convenient location near shopping, Reservoir Park and Highway 11.
  • Property type

    Other

  • Year built

    1979

Features

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3200 Indiana Street, Mount Pleasant, Wisconsin, United States View on Google Maps
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Apartment Cash Flow, Inc. - Hudson

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Apartment Cash Flow, Inc. - Hudson
Wisconsin, United States
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Apartment Cash Flow, Inc. - Hudson
Hudson, Wisconsin, United States
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Last updated
September 17
First listed
Sep 17
Listing reference
2032833
Listing status
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