Douglas Terrace Apartments is a premier 202-unit market-rate community situated at 3538-3706 Douglas Avenue in the vibrant city of Racine, Wisconsin. This well-maintained property represents a prime investment opportunity in a growing market. Call for Offers is scheduled for Thursday, February 6, 2025. Douglas Terrace Apartments is composed of eight buildings featuring 15 distinct floor plans. The unit mix includes the following: (8) A1 studio units with one bathroom; (64) B1 one-bedroom, one-bathroom units; (24) B2 one-bedroom, one-bathroom units; (3) B3 one-bedroom, one-bathroom units; (4) B4 one-bedroom, one-bathroom units; (1) B5 one-bedroom, one-bathroom unit; (8) B6 one-bedroom, one-bathroom units; (4) B7 one-bedroom, one-bathroom units; (2) B8 one-bedroom, one-bathroom units; (16) C1 two-bedroom, one-bathroom units; (24) C2 two-bedroom, one-bathroom units; (24) C3 two-bedroom, one-bathroom units; (2) C4 two-bedroom, two-bathroom units; (2) C5 two-bedroom, two-bathroom units; and (16) D1 three-bedroom, two-bathroom units. Currently, 43 units have been remodeled, offering immediate income potential, while the remaining 159 units provide a lucrative value-add opportunity upon renovation.