$225,000

Active

Listed by The Curated Key Collective

Description

Rare opportunity to own one of the few licensed Rooming Houses/SROs in Racine! There are 9 individually leased furnished rooms upstairs and a 2 bedroom apartment below. The rooming house has a kitchen and bathroom and coin op washer and dryer that are shared by the tenants. All tenants are MTM. All units are occupied. With recent tenants renting at $325/room/mo and in-place $775/mo lease for lower, this property is a cash cow! There are also 2-3 garage stalls that can be rented out for additional income. Pro Forma/operating statement available upon request.**Seller has other properties for sale and is open to doing a package deal**

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Property Details

Features Multi-Family

Number of Units: 10 Garage/Parking: Near Public Transit
Subdivision: Property Type: Duplex +, Rooming House
Body of Water: Waterfront/Access:
Est Year Built: 1927 Exterior: Aluminum
Heating/Cooling: Hot Water/Steam, Natural Gas Lot Size:
Est Acreage: 0.11 School District: Racine
High School: Middle School:
Elementary School: Taxes: $2,585
Tax Year: 2021 Zoning: Res

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Listing History

Date Event Change
Sep 16 2022 10:08AM Price Change $225,000
Aug 19 2022 9:38AM Price Change $245,000
Jul 15 2022 7:08AM Price Change $250,000
Jul 8 2022 2:58PM Price Change $279,000
Jun 17 2022 10:14AM Price Change $294,500
May 27 2022 4:13PM Price Change $304,500
Feb 29 2008 8:46AM Status Change Expired
Aug 29 2007 6:29PM Price Change $132,900
Aug 24 2007 8:36AM Status Change Expired
Feb 27 2007 12:36PM Price Change $139,000

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