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614 6th St

Racine, WI 53403
  • $900,000
  • STATUS: Active Under Contract
  • ON SITE: 21 Days
  • ID#: 1880705
Under Contract
UPDATED: 110 min ago
$900,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1928
County:
Area:

School Ratings & Info

School District:
Data Source: MetroMLS

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

Description

Cash flow, location, character... Don't sleep on this great downtown mixed use property. Over a 9 cap at acquisition with room to grow rents and find yourself sitting on a double digit cap rate in short order. 12 apartments, 2 storefronts, 2 storage areas and a garage gives an investor numerous avenues to generate income. Outstanding location in the heart of the 6th street corridor and adjacent to the Machinery Row land earmarked for future development. Beautiful brick building with masonry details from a bygone era of true craftsmanship. Retail is fully leased to 2 great users, a half-floor storage tenant and apartments are a breeze to keep fully occupied in a building with this location and beauty. Bring your buyers and make your offers, this one will have a big fan base for sure!

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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: 2024-07-13T21:52:57.25.
www.benbarto.com/homes/151938244
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614 6th St Racine, WI 53403

  • Price: $900,000
  • Status: Active Under Contract
  • On Site: 21 Days
  • Updated: 110 min ago
  • ID#: 1880705
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1928
Built
Neighborhood:
Racine
County:
Racine
Area:
Racine
School District:
Racine Unified
Property Description
Cash flow, location, character... Don't sleep on this great downtown mixed use property. Over a 9 cap at acquisition with room to grow rents and find yourself sitting on a double digit cap rate in short order. 12 apartments, 2 storefronts, 2 storage areas and a garage gives an investor numerous avenues to generate income. Outstanding location in the heart of the 6th street corridor and adjacent to the Machinery Row land earmarked for future development. Beautiful brick building with masonry details from a bygone era of true craftsmanship. Retail is fully leased to 2 great users, a half-floor storage tenant and apartments are a breeze to keep fully occupied in a building with this location and beauty. Bring your buyers and make your offers, this one will have a big fan base for sure!
Exterior Features

Exterior BrickStone Garage Parking Near Public TransitOutdoor Space Parking Inside 0.00 Parking Outside 10.00 Stories 3-4 Stories

Interior Features

Basement Full Heating Cooling Central AirHot Water/SteamNatural Gas Unit Type1 1 Bath1 BedroomLiving RoomRange/OvenRefrigerator Unit Type2 1 BathRange/OvenRefrigeratorStudio/Efficiency Unit1 Sq Ft 751-1000Not Verified Unit2 Sq Ft 750 or lessNot Verified

Property Features

Contingent With Offer Flood Plain No Municipality City Source Acreage Public Records Source Year Built Public Records Tax Year 2023 Taxes 13602.40 Type Apartment Building Units Type1 8.00 Units Type2 4.00 Water Waste Municipal SewerMunicipal Water Zoning B4

© 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: 2024-07-13T21:52:57.25.
 
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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.