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Key Details
Sold Price $175,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,514 sqft
Price per Sqft $31
MLS Listing ID 1814404
Sold Date 03/31/23
Year Built 1906
Annual Tax Amount $4,858
Tax Year 2021
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Other
Property Description
Great income producing investment property! Building and all units need extensive work. Will not qualify for any kind of financing. 8 units, all 1 bed/1bath currently renting at $650 per month. 6 units occupied with long term tenants. 2 recent vacancies. Vacant units being rehabbed and then vacancies will be filled. Owner currently paying all utilities as well as cable. Average utility cost over last 12 months per WE-Energies $792/mo which includes gas/electric/heat. Last 3 water/waste bills for building average to $137/mo. Insurance per owner 300/mo.
Location
State WI
County Racine
Zoning R3
Rooms
Basement Block, Full
Interior
Heating Natural Gas
Cooling Hot Water/Steam
Exterior
Exterior Feature Vinyl, Wood
Garage Spaces 4.0
Parking On Site 4
Roof Type Composition/Fiberglass
Building
Sewer Municipal Sewer, Municipal Water
New Construction N
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Bought with Accent Realty LLC
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