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Multifamily

3200 Indiana St

3200 Indiana St, Racine, WI 53405

Listing Price: $1,850,000

Cap Rate
7.39%
Number of Units
20
GRM
8.35
Price/Unit
$92,500
Price/Gross SF
$115.62
Gross SF
16,000

Investment Overview

The Engle & Angelov Group of Marcus & Millichap has been selected to exclusively market for sale a 20-unit multifamily property at 3200 Indiana Street in Racine, Wisconsin. This investment offers an opportunity to acquire a well-maintained asset with immediate cash flow upon acquisition in a prime rental location.

Investment Highlights

  • Six Units Renovated Recently, with Fresh Paint, New Floors, Kitchen Cabinets, Counter Tops and Lighting Fixtures
  • Solid Rental Location
  • Easy Access to Interstate 94, Route 31, Route 30 and Route 11
  • Close to Retail and Dining Options include Local Restaurants, CVS and Piggly Wiggly
  • Nearby Attractions include Windpoint Lighthouse, North Beach Oasis, Racine Zoo, Racine Art Museum, Racine Heritage Museum, River Ben Nature Center and Quarry Lake Park
  • Average Household Income within One Mile is $78,706

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Senior Managing Director, Market Leader- Milwaukee/Minneapolis

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Multifamily

3200 Indiana St

Listing Price: $1,850,000

Cap Rate
7.39%
Number of Units
20
GRM
8.35
Price/Unit
$92,500
Price/Gross SF
$115.62
Gross SF
16,000

Investment Highlights

  • Six Units Renovated Recently, with Fresh Paint, New Floors, Kitchen Cabinets, Counter Tops and Lighting Fixtures
  • Solid Rental Location
  • Easy Access to Interstate 94, Route 31, Route 30 and Route 11
  • Close to Retail and Dining Options include Local Restaurants, CVS and Piggly Wiggly
  • Nearby Attractions include Windpoint Lighthouse, North Beach Oasis, Racine Zoo, Racine Art Museum, Racine Heritage Museum, River Ben Nature Center and Quarry Lake Park
  • Average Household Income within One Mile is $78,706

Investment Overview

The Engle & Angelov Group of Marcus & Millichap has been selected to exclusively market for sale a 20-unit multifamily property at 3200 Indiana Street in Racine, Wisconsin. This investment offers an opportunity to acquire a well-maintained asset with immediate cash flow upon acquisition in a prime rental location.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Senior Managing Director, Market Leader- Milwaukee/Minneapolis

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

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