Here's your opportunity to own one of the few licensed Rooming Houses/SROs in Racine! There are 9 individually leased furnished rooms upstairs and a recently remodeled 2 bedroom apartment below. The rooming house has a kitchen and bathroom shared by tenants and private bedrooms for each. The rooming house has a newly built interior staircase. All tenants are MTM. With recent tenants renting at $325/room/mo and in-place $900/mo lease for lower, this property is a cash cow! There is also 2 car garage that can be rented out for additional income along with a spacious basement that could be used for storage.
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The average household income in
Racine, WI
grew
from
$41,178
to
$42,590
in the past year. This data is an estimate based upon
29,966
households in
Racine, WI. The chart below presents how household income is distributed in
Racine, WI
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Racine, WI
compared to median property taxes around the country. The prevalent amount of property taxes in
Racine, WI
equals
$3k+
, which is
more
than the national average.