1636 Memorial DrRacine, WI 53403

  • Residential income properties
  • 2,532 SF
For Sale
$124,900 View listing

Property Details for 1636 Memorial Dr

Year built
1904
Property size (Sq ft)
2,532 SF
Property type
Residential income properties
Property subtype
Multifamily properties

Description

This charming 2,532 square foot apartment building, located at 1636 S Memorial Dr in Racine, Wisconsin, presents a compelling investment opportunity. Built in 1904, the property sits on a 4,356 square foot lot and is priced at $124,900, or $49 per square foot. The building is a multifamily property currently configured as a two-unit apartment building. One unit is occupied by a long-term tenant, providing immediate rental income. The upper unit requires renovation, offering a chance to increase the property's value and rental income through improvements. This presents a unique opportunity for investors to add to their portfolio, generating immediate cash flow while simultaneously building equity through renovations. The property's location in Racine, Wisconsin, zip code 53403, offers convenient access to local amenities and services. The building's solid foundation and established rental history make it an attractive investment for both seasoned and new investors seeking a hands-on project with strong potential for return. Serious inquiries are encouraged to schedule a viewing and explore this promising investment opportunity further.

1636 Memorial Dr, Racine, Wisconsin

Location Insight

City
Racine
County
Racine
State
Wisconsin
Latitude
42.7114
Longitude
-87.8001

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