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1802 Grange Ave

Racine, WI 53403
  • $1,290,000
  • STATUS: Active Under Contract
  • ON SITE: 21 Days
  • ID#: 1880704
Under Contract
UPDATED: 47 min ago
$1,290,000
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:
Area:

School Ratings & Info

School District:
Data Source: MetroMLS

Listing provided courtesy of RE/MAX Service First: (262) 287-9900.

Description

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 w/ full occupancy and with below market rents can be performing at nearly a 10 cap in no time. Only a 1031 need could pry this from Seller's firm grasp and timing demands we make it juicy for you!

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© 2024 MetroMLS - All rights reserved. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MetroMLS or Ben Bartolazzi Real Estate Inc. Data last updated: 2024-07-14T12:52:23.953.
www.benbarto.com/homes/151938245
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1802 Grange Ave Racine, WI 53403

  • Price: $1,290,000
  • Status: Active Under Contract
  • On Site: 21 Days
  • Updated: 47 min ago
  • ID#: 1880704
0
Beds
0
Baths
0
½ Baths
0.48
Acres
1963
Built
Neighborhood:
Racine
County:
Racine
Area:
Racine
School District:
Racine Unified
Property Description
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 w/ full occupancy and with below market rents can be performing at nearly a 10 cap in no time. Only a 1031 need could pry this from Seller's firm grasp and timing demands we make it juicy for you!
Exterior Features

Exterior Brick Garage Parking Underground Garage Parking Inside 27.00 Parking Outside 0.00 Stories 1-2 Stories

Interior Features

Basement Full Heating Cooling Hot Water/SteamNatural Gas Unit Type1 1 Bath2 BedroomsAir ConditioningRange/OvenRefrigerator Unit Type2 1 Bath3 or More BedroomsAir ConditioningRange/OvenRefrigerator Unit1 Sq Ft 751-1000Not Verified Unit2 Sq Ft 751-1000Not Verified

Property Features

Contingent With Offer Flood Plain No Municipality City Source Acreage Public Records Source Year Built Public Records Tax Year 2023 Taxes 23176.00 Type Apartment Building Units Type1 16.00 Units Type2 2.00 Water Waste Municipal SewerMunicipal Water Zoning R4

© 2024 MetroMLS - All Rights Reserved. Information is supplied by seller and other third parties and has not been verified.


© 2024 MetroMLS - All rights reserved. Information is supplied by seller and other third parties and has not been verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MetroMLS or Ben Bartolazzi Real Estate Inc. Data last updated: 2024-07-14T12:52:23.953.
 
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Ben Bartolazzi Real Estate Inc
2143 S. Webster Ave
Green Bay WI, 54301
Data Source: MetroMLS

Listing provided courtesy of RE/MAX Service First: (262) 287-9900.