1644 Packard Ave, Racine, WI 53403 $184,900

1644 Packard Ave, Racine 10 Units $184,900 Active

  • Multi-Family
  • Status: Active
  • Total Number of Units: 10
  • Unit Type 1 # of Units: 1
  • Unit Type 1 Avg Rent: $900
  • Unit Type 2 # of Units: 9
  • Unit Type 2 Avg Rent: $325
  • Outside Parking: 2
  • Est. Square Footage: 2,998
  • Est. Year Built: 1912
  • Est. Acreage: 0.1
  • School District: Racine
  • County: Racine
  • Property Taxes: $2,479
  • Property Tax Year: 2022
  • Postal Municipality: Racine
  • MLS#: 1841676
  • Listing Company: The Curated Key Collective
  • Price/SqFt: $61
  • Zip Code: 53403

1644 Packard Ave, Racine, WI 53403 - Here's your opportunity to own one of the few licensed Rooming Houses/SROs in Racine! There are 9 individually leased furnished rooms upstairs and a recently remodeled 2 bedroom apartment below. The rooming house has a kitchen and bathroom shared by tenants and private bedrooms for each. The rooming house has a newly built interior staircase. All tenants are MTM. With recent tenants renting at $325/room/mo and in-place $900/mo lease for lower, this property is a cash cow! There is also 2 car garage that can be rented out for additional income along with a spacious basement that could be used for storage.

Additional Features
  • Full
  • Heating/Cooling: Hot Water/Steam, Natural Gas
  • Water Waste: Municipal Sewer, Municipal Water
  • Inclusions: 2 stoves, 1 refrigerator
  • Rooming House
  • Waterfront/Access: N
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1841676 Active ActiveWO Mar 20 2024 2:19PM 292
1841676 ActiveWO Active Jan 30 2024 1:21PM 292
1841676 Sep 21 2023 12:17PM $184,900 $215,000 292
1841676 Active Jul 10 2023 3:18PM $215,000 292

Estimated Monthly Payment

$3,287 per month
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