1625 Phillips Ave Racine WI 53403 $179,900

Property Description

1625 Phillips 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 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. 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.

Multi-Family
Status: Sold
Total Number of Units: 10
Unit Type 1 # of Units: 1
Unit Type 1 Avg Rent: $775
Unit Type 2 # of Units: 9
Unit Type 2 Avg Rent: $318
Inside Parking: 4
Est. Square Footage: 2,800
Est. Year Built: 1927
School District: Racine
County: Racine
Postal Municipality: Racine
MLS#: 1794735
Listing Company: The Curated Key Collective
Price/SqFt: $64
Zip Code: null

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