Arlington Apartments | 2701 Arlington Ave
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Arlington Apartments 2701 Arlington Ave
8 Unit Apartment Building $600,000 ($75,000/Unit) 6.24% Cap Rate Racine, WI 53403
Executive Summary
The Arlington Apartments are officially for sale! This solid brick 8 unit rests on a quiet residential block in Racine and features all larger 1BR bright and sunny units. Completely turn key and all units are currently occupied with room to raise rents. Tenants pay their own electric. Please direct questions and showing requests to Mitch Douglas at 262-501-8583
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $600,000 | Property Subtype | Apartment |
| Price Per Unit | $75,000 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 5,490 SF |
| Cap Rate | 6.24% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1934 |
| Price | $600,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Cap Rate | 6.24% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.11 AC |
| Building Size | 5,490 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1934 |
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PROPERTY TAXES
| Parcel Number | 276-000013853000 | Improvements Assessment | $353,900 (2023) |
| Land Assessment | $14,100 (2023) | Total Assessment | $368,000 (2023) |
PROPERTY TAXES
Parcel Number
276-000013853000
Land Assessment
$14,100 (2023)
Improvements Assessment
$353,900 (2023)
Total Assessment
$368,000 (2023)
zoning
| Zoning Code | R3 |
| R3 |
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Graig Goldman -
Alex Segal -
Re/Max Service First - Segal / Goldman Group
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Arlington Apartments | 2701 Arlington Ave
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