Investment Overview

Marcus & Millichap proudly presents Douglas Terrace Apartments, a premier 202-unit market-rate community situated at 3538-3706 Douglas Avenue in the vibrant city of Racine, Wisconsin. This well-maintained property represents a prime investment opportunity in a growing market. Douglas Terrace Apartments is composed of eight buildings featuring 15 distinct floor plans. The unit mix includes the following: (8) A1 studio units with one bathroom; (64) B1 one-bedroom, one-bathroom units; (24) B2 one-bedroom, one-bathroom units; (3) B3 one-bedroom, one-bathroom units; (4) B4 one-bedroom, one-bathroom units; (1) B5 one-bedroom, one-bathroom unit; (8) B6 one-bedroom, one-bathroom units; (4) B7 one-bedroom, one-bathroom units; (2) B8 one-bedroom, one-bathroom units; (16) C1 two-bedroom, one-bathroom units; (24) C2 two-bedroom, one-bathroom units; (24) C3 two-bedroom, one-bathroom units; (2) C4 two-bedroom, two-bathroom units; (2) C5 two-bedroom, two-bathroom units; and (16) D1 three-bedroom, two-bathroom units. Currently, 42 units have been remodeled, offering immediate income potential, while the remaining 160 units provide a lucrative value-add opportunity upon renovation.