3200 Indiana St, Racine, WI 53405
- $1,870,000
Courtesy of Max Fiascone with Apartment Cash Flow, Inc.. 651-263-3653
- List Price
- $1,870,000
- Status
- ACTIVE
- MLS#
- 2032833
- Acres
- 1.02
- Year Built
- 1979
Property Description
20-unit apartment investment opportunity at 3200 Indiana St in Racine. Built in 1979, the property consists of 20 one-bedroom units averaging approximately 700 SF. Eight units have been renovated within the past year with updated flooring, appliances, kitchens and bathrooms, along with improvements to the common areas. Current rents average $969/unit with pro forma rents of $1,125, providing a clear path for continued value-add through renovation and rent growth. Tenant-paid, separately metered electric, individual water heaters, wall-sleeve A/C and electric baseboard heat help maintain an efficient expense structure. Convenient location near shopping, Reservoir Park and Highway 11.
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Additional Information
- Architecture
- Apartment
- Style
- Apartment
- Garage Description
- Other
- School District
- Unknown
- Elementary School
- Not Assigned
- Middle School
- Not Assigned
- High School
- Not Assigned
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