949 Washington Ave Racine WI 53403-1365 $724,999

Property Description

949 Washington Ave Racine WI 53403-1365 - 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.

Multi-Family
Status: Sold
Total Number of Units: 17
Unit Type 1 # of Units: 16
Unit Type 1 Avg Rent: $550
Unit Type 3 # of Units: 1
Unit Type 3 Avg Rent: $600
Est. Year Built: 1931
School District: Racine
County: Racine
Postal Municipality: Racine
MLS#: 1809315
Listing Company: Coldwell Banker Realty
Zip Code: null

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