1909 Hickory Grove Ave, Racine, WI 53403 Sold for $490,000 on 12/21/2020

• Multi-Family
• Status: Sold
• Total Number of Units: 10
• Unit Type 1 # of Units: 10
• Unit Type 1 Avg Rent: $564
• Outside Parking: 4
• Est. Square Footage: 6,160
• Est. Year Built: 1964
• School District: Racine
• County: Racine
• Postal Municipality: Racine
• MLS#: 1715710
• Listing Company: Image Real Estate, Inc.
• Price/SqFt: $79
• Zip Code: 53403

1909 Hickory Grove Ave, Racine, WI 53403 - 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