2/ 4 units 8 units total

Multi-Family for Sale
Catylist Listing ID: 29925704
Number of Units: 8 Units
Building Size (RSF): 8,176 SF
Gross Building Area: See Agent
Gross Land Area: 16,536 SF
Sale Price: $229,500
Unit Price: $28,687.50 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 90
Last Updated: 3/23/2018

Overview / Comments

Well maintained 2/4 unit buildings, each unit is 2 bedroom updates have been made to the exterior, roof, interior as needed.

Income: 7 Units rented $3300.00 /MO+ $40200
1 Unit occupied by manager, free rent
Expenses:
Water & Sewer $2043.00
Garbage: $ 648.36
Insurance: $2,244.00
Taxes: $5,796.70
Total $10,732.06

NOI: $29,468.00

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 11-35-282-008
Zoning: R2
Percent Occupied: 90%
Community Amenities: On-Site Maintenance
Market Type: Large
Property Located Between: 7th street and 20th ave
Side of Street: Southeast
Road Type: Paved
Airports: Rockford International Airport
Site Description: One property code, two separate buildings. Parking in the back.
Area Description: Single family and multi family residence similar in age.
Total Number of Buildings: 2
Property Condition: Average
Number of Stories: 2
Year Built: 1966
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Exterior is in average condition, corner lot.
Parking Ratio: 8 (per 1000 SF)
Parking Type: Surface
Parking Description: 8 spaces behind the building
Total Parking Spaces: 8
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Other
Fuel: Gas
Internet Access: Satellite
Interior Description: Town house units 2 bedrooms each unit has it;s own furnace and hot water heater. units painted and updated as needed. Condition average.
Zoning Description: commercial residential R1
Lot Frontage: 159
Lot Depth: 104
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned
Legal Description: UNION SUB PT NW1/4 SEC 36 & PT NE1/4 SEC 35-44-1 LOT S 8 & 9 BLK 14

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,109 98,948 174,835
Median Age: 29.63 34.1 37.39
Households: 6,147 38,663 68,921

Contact

Photograph of Listing Agent

Sandra M Pastore

5 Points Realtors
ICEx Member
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