1802 Grange Ave - Apartments FOR SALE


Racine, WI 53403- Mount Pleasant
$1,680,000 USD
414-788-0449
1802 Grange Ave, Racine, WI for Sale
$1,680,000 USD
Apartments - FOR SALE
1/29
null | 8.72% Cap Rate

1802 Grange Ave
Racine, WI 53403
Mount Pleasant


OVERVIEW

18 unit apartment with underground parking. (16) 2BR and (2) 3BR units with updated finishes, LVP floors, newer kitchens & baths. Low maintenance brick building in a solid location near downtown. All units have sleeve AC's. Building has central boiler and water heater systems. First floor laundry room has coin operated washers and dryers that are included in the sale. Untapped potential with a 28 car underground parking garage that has been used for storage up until now. Building performing better than an 8 cap at acquisition.

FOR SALE DETAILS

PRICE

$1,680,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

18

PRICE/UNIT

$93,333

CAP RATE

8.72%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

21,039 SF

ZONING

R4

APN/PARCEL ID

276-000014972002

ASK ABOUT THIS PROPERTY

Graig GoldmanRe/Max Service First - Segal / Goldman GroupMore Info
414-788-0449

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Graig GoldmanRe/Max Service First - Segal / Goldman GroupMore Info
414-788-0449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.