Listed by Realty Executives Integrity Brookfield
$11,000,000
Belle Harbor
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 78,748
Units 78
Cap Rate 6.1%
NOI $670,904
Occupancy 95%
Price per SqFt $140
Year Built 1890
Year Renovated 2022
Buildings 2
Stories 4
Acreage 0.880
Parking Spaces 63 spaces
Parking Per SqFt 0.80
Multifamily | 78 Units | $141,026/unit
Marketing description
Rare Opportunity to Add a Perfectly Maintained Building to Your Portfolio! Belle Harbor Lofts is a 78 Unit Complex located in the Heart of Downtown Racine and features One, Two, and Three Bedroom Floorplans. These Urban-Chic Loft-Style Apartments feature In-Unit Laundry, Extra Large Closets, Upgraded Appliances, Dishwashers, and Central Air. Common Amenities include a Media Room, Fitness Center, Clubhouse, Picnic Area, and Elevator. Included with the sale are 2 Additional Parcels for Parking totaling 63 Spaces.
Listing Contacts
Listed by Realty Executives Integrity Brookfield
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$670,904.00
$55,908.67/mo
Valuation Metrics
0
DSCR
6.1%
Cap Rate
6.1%
ROI
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