Property Description
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.
Features
: Full
: Near Public Transit
: Municipal Sewer
Address Map
US
WI
Racine
Racine
53403
Phillips
1625
Ave
W88° 11' 53.9''
N42° 42' 42''
Head East on 16th St, Phillips Ave will be on your right, property will then be on your left
Neighborhood
Racine Unified
Additional Information
2024-02-06
205000
: Municipal Water
2800
: Aluminum
The Curated Key Collective
Kelsey Krimmer
$0
$0
Listing Information
27751
of30969
Sold
2024-08-01T17:34:31Z
MetroMLS
2024-03-27T14:37:45Z

Racine, Racine County, Wisconsin 53403, USA

, Racine, Racine County, Wisconsin 53403, USA

0.11 Acre
$179,900
Listing ID #1794735
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 1794735
Price : $179,900
Year Built : 1927
Lot Area : 0.11 Acre
Status : Closed
Property Sub Type : Multi-Family
Agent info
Contact Agent