614 6th St Racine, WI $ 900,000
614 6th St
$ 900,000
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614 6th St

Racine, WI, 53403
$ 900,000
Bedrooms1 Baths2.0 Sq 1,501

Monthly Estimate*

$ 5,982

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Multi-Family Home for sale in Racine, WI

for $900,000 with 1 bedroom and 2 full baths. This 1,501 square foot home was built in 1928 on a lot size of 0.12.

Cash flow, location, character... Don't sleep on this great downtown mixed use property. Over a 9 cap at acquisition with room to grow rents and find yourself sitting on a double digit cap rate in short order. 12 apartments, 2 storefronts, 2 storage areas and a garage gives an investor numerous avenues to generate income. Outstanding location in the heart of the 6th street corridor and adjacent to the Machinery Row land earmarked for future development. Beautiful brick building with masonry details from a bygone era of true craftsmanship. Retail is fully leased to 2 great users, a half-floor storage tenant and apartments are a breeze to keep fully occupied in a building with this location and beauty. Bring your buyers and make your offers, this one will have a big fan base for sure!

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Multi-Family Contingent

Price

$ 900,000

Bedrooms

1

Full Bath

2

Property Type

Multi-Family

Taxes

$ 13,602

Style

Apartment Building

Lot Size

0.12

Year Built

1928

Town/City

Racine

County/Region

Racine

MLS | Web ID

1880705

Features
Interior
Basement Full
Total Number of Units 14
Heating/Cooling Central Air Hot Water/Steam Natural Gas
Stories 3-4 Stories
Type 1 Units 8.00
Type 2 Units 4.00
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Exterior
Exterior Brick Stone
Flood Plan No
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General
Zoning B4
Year Built 1928
County Racine
Type Apartment Building
Property Type D
Municipality City
Tax Year 2023
Contingent With Offer
Garage/Parking Near Public Transit Outdoor Space
City Racine
Taxes 13602.40
School District Racine Unified
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* Excluded Features
List By
Re/Max Service First

Broker

sgrg@soldwisconsin.com

Email

Affordability Calculator

$7,115
Per Month
84%
16%
0%
Monthly Principal & Interest
$5,982
Monthly Property Taxes
$1,134
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1167957 Elementary School
1167829 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/22/2024$900,000 Listed Price

Map


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614 6th St, Racine, WI, 53403 is a Multi-Family Home for sale at $900,000 with 1,501 sqft and a lot size of 0.12. 614 6th St has 1 bedrooms, 2.0 baths, and was built in 1928. The property's zip code is 53403 which is in Racine, WI