1131 Erie St | Racine, WI 53402
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- LoopNet Team
1131 Erie St
Racine, WI 53402
Price Improved I Fully Renovated I 8.3% Cap · Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- Fully Renovated 7-Unit Property
- Attractive Unit Mix: (4) 2BR/1BA and (3) 1/BR
- Stabilized Asset with Immediate Cash Flow
- Attractive Unit Mix: (4) 2BR/1BA and (3) 1/BR
- Durable Exterior Improvements
- Near Downtown Racine Location
PROPERTY FACTS
| No. Units | 7 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 3,400 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1900/2024 |
| Zoning | R-3 | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2024 |
| Zoning | R-3 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Balcony
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Eat-in Kitchen
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Dining Room
- Lawn
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Storage Space
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,250 | 450 - 800 |
| 1+1 | 3 | $900.00 | 400 - 450 |
PROPERTY TAXES
| Parcel Number | 276-000002523000 | Improvements Assessment | $132,000 |
| Land Assessment | $36,000 | Total Assessment | $168,000 |
PROPERTY TAXES
Parcel Number
276-000002523000
Land Assessment
$36,000
Improvements Assessment
$132,000
Total Assessment
$168,000
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