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1718 Erie STREET, Racine, WI, 53402

4beds
2baths
2,255sqft
$190,000
$84price/sqft
$1,641/moest. monthly cost
$65,640/yrincome needed

About This Home

Turnkey investment opportunity with built-in cash flow! This well-maintained duplex features two 2-bedroom, 1-bath units, each offering functional layouts and great rental appeal. The lower unit has been nicely remodeled with modern finishes, making it desirable for tenants, while the upper unit offers value-add potential for increased rents with some updates. Property includes a large fenced backyard, perfect for tenant enjoyment, plus a private driveway for off-street parking. No garage but driveway parking for 2 vehicles. Excellent tenant payment history with leases already in place--start earning income from day one. This property may qualify for DSCR financing, making it an easy addition to your portfolio. Don't miss this opportunity to secure a performing asset with upside potential!

Getting Around

79
WalkingVery Walkable
41
TransitSome Transit
69
BikeBikeable

Schools

3/10
--
Gilmore Middle SchoolGrades 6-81.0 mi
3/10
Horlick High SchoolGrades 9-121.1 mi

Construction

Condition

  • Property condition: 21+ Years
  • Year built: 1884

Materials

  • Construction materials: Aluminum/Steel,Aluminum Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Duplex

Interior

Basement

  • Has basement: Yes
  • Basement: Block,Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Interior Area

  • Total structure area: 2,255
  • Total interior livable area: 2,255 sqft

Property

Details

  • Parcel number: 04056000
  • Zoning: Res
  • Exclusions: Tenant's Appliances,Tenant's Personal Property

Features

  • Levels: Two
  • Stories: 2
  • Living area range: 1001-1250

Lot

  • Lot size: 5,662 sqft

Parking

  • Parking features: No Garage,1 Space