1540 Park Ave Racine, WI 53403

This exceptional multifamily investment opportunity encompasses a portfolio of nine apartment buildings totaling 112 units, strategically located across Racine and Kenosha, Wisconsin. The portfolio boasts a combined square footage of 89,970 and commands an asking price of $11,500,000, translating to $127.82 per square foot and $102,679 per unit. Currently operating at 100% occupancy, the portfolio generates a strong net operating income (NOI) of $684,738, yielding an attractive 5.95% capitalization rate. The properties are well-maintained and benefit from in-place management, minimizing operational complexities for the new owner. A significant advantage is the presence of an assumable Fannie-Mae loan at a favorable 3.82% interest rate. Individual building unit counts vary, ranging from 7 to 24 units per location, offering diversification within the portfolio. Specific addresses include, but are not limited to, 1540 Park Ave and 2005 Washington Ave in Racine, WI, and several other locations in Racine and Kenosha, WI. This portfolio presents a compelling investment opportunity with significant potential for future growth and strong cash flow. The pro-forma NOI is $684,123, and the pro-forma cap rate is 5.95%.