1636 Memorial Dr Racine, WI 53403

This charming 2,532 square foot apartment building, located at 1636 S Memorial Dr in Racine, Wisconsin, presents a compelling investment opportunity. Built in 1904, the property sits on a 4,356 square foot lot and is priced at $124,900, or $49 per square foot. The building is a multifamily property currently configured as a two-unit apartment building. One unit is occupied by a long-term tenant, providing immediate rental income. The upper unit requires renovation, offering a chance to increase the property's value and rental income through improvements. This presents a unique opportunity for investors to add to their portfolio, generating immediate cash flow while simultaneously building equity through renovations. The property's location in Racine, Wisconsin, zip code 53403, offers convenient access to local amenities and services. The building's solid foundation and established rental history make it an attractive investment for both seasoned and new investors seeking a hands-on project with strong potential for return. Serious inquiries are encouraged to schedule a viewing and explore this promising investment opportunity further.