949 Washington Ave Racine, WI 53403
Listing Courtesy of: MILWAUKEE / Mcmullen / Paul Proano

  949 Washington Ave Racine, WI 53403

Active (247 Days)

Description

Back on the Market! 11% Cap Rate Mixed Use Multi Family property in Racine, WI. The Unit mix is 15 Studio units, one-1 bedroom unit plus One-store front.Property offers a new elastomeric roof, new cast iron boilers replaced in 2019, tuck pointing completed in 2019, all 175-gallon stainless domestic system, all shower posi temps and drain sets replaced, masonry restored, new tile, baths restored, new intercom system, cabinets, appliances, light fixtures & ceiling fans, new wall & ceiling surfaces & flooring. Huge basement w/tenant storage, shop, new water heater.LAND CONTRACT TERMS: MINIMUM 40% DOWN, 6.5% INTEREST RATE ( NEGOTIABLE) 5 YEAR BALLOON NO PRE PAY.

MLS #:
1809315
Taxes
$9,550(2021)
Lot Size
4,356 SQFT
Type
Multifamily
Year Built
1931
School District
Racine Unified
County
Racine County
Bathroom Details
Heating and Cooling
  • Natural Gas
  • Hot Water/Steam
Exterior Features
  • Brick
Utility Information
  • Sewer: Municipal Water
Parking
  • None
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Nov 15, 2022
Price Changed
$724,999
0%
-1
Aug 05, 2022
Original Price
$725,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Coldwell Banker Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.