2421 Geneva St Racine, WI 53402-4317

This exceptional investment opportunity in Racine, Wisconsin presents a remarkable chance to acquire a thriving commercial property at 2421 Geneva Street. The building boasts 6,039 square feet situated on a 0.18-acre lot. The property comprises three fully occupied commercial storefronts, generating immediate rental income, and four one-bedroom apartments, also fully occupied. Current rental rates are below market value, presenting a significant opportunity to increase profitability. The building's brick exterior requires minimal maintenance, and the roof was recently replaced within the last five years, ensuring long-term cost savings. Heating is provided by a boiler system, and a newer water heater is in place. Each apartment features attractive hardwood floors and includes appliances. Further enhancing the property's income potential is a coin-operated laundry facility located in the basement. Initial viewings will focus on the three commercial units and one apartment, with subsequent viewings showcasing the remaining three rental units. This property offers a blend of commercial and residential income streams, making it an ideal investment for those seeking a strong return on investment. The property's excellent location on the north side of Racine adds to its appeal.