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🏢 Just listed — Multifamily for sale in RACINE, WI.

📍 2818 GILSON ST, RACINE, WI
🏷  Multifamily · For Sale
💰 $260K

Both units occupied under leases.

<p>2 bedroom lower and 1 bedroom upper.  Current rents are $1,550 per month which are under market rates.</p>

Full financials, photos, and broker contact:
https://commrty.com/property/wisconsin/racine/2818-gilson-st-racine-wi-53403-2854-2481556-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=2818-gilson-st-racine-wi-53403-2854-2481556

#RACINE #Multifamily #CommercialRealEstate #CRE #Investment

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Home/WI/RACINE

2818 GILSON ST

RACINE, WI 53403-2854

Asking Price

$260K

Asset Type

Multifamily

Class

Class B

What's Special

Both units occupied under leases. <p>2 bedroom lower and 1 bedroom upper. Current rents are $1,550 per month which are under market rates.</p>

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

30.78%

DSCR

5.18

Strong

Cash-on-Cash

82.81%

Monthly Payment

$1,285.843

Annual Cash Flow

$64,569.879

Location & Travel Times

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Class B | Apartment Building

311 11th Street, Racine, WI 53403

Listed by Owner · For Sale