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311 11th Street
Racine, WI 53403
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
$85,980/unit <ul><li>Fully occupied, in-place income. All five units are leased, generating $53,100 in annual contract rent, with four units month-to-month and one on a fixed lease through July 2026, allowing rents to be moved to market over time.</li><li>Operational upside, not speculative. Most units sit below the current 53403 market. Marking them to market and holding the renovated unit at its proven rent lifts gross rent with no reliance on outpacing the market.</li><li>Utilities moving from owner to
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547