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About the Listing 24655 - 55937
Fully Occupied 20-unit apartment investment opportunity at 3200 Indiana St in Racine. Built in 1979, the property consists of 20 one-bedroom units averaging approximately 700 SF. Eight units have been renovated within the past year with updated flooring, appliances, kitchens and bathrooms, along with improvements to the common areas. Current rents average $976/unit with pro forma rents of $1,125, providing a clear path for continued value-add through renovation and rent growth. Tenant-paid, separately metered electric, individual water heaters, wall-sleeve A/C and electric baseboard heat help maintain an efficient expense structure. Convenient location near shopping, Reservoir Park and Highway 11.
Listing Highlights for 3200 Indiana St
Interior Details
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Basement: Sump pump,Storage area,Unfinished
- Other:
- Water:
Exterior Details
- Lot Description: 1200800
- Garage Capacity: N/A
- Zoning: R3
- Roof:
- Others:
- Sewer:
- Parking Features: 1 Space
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
3200 Indiana St Racine, WI 53405
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