House and garage with loft apartmenet

Multi-Family for Sale
Catylist Listing ID: 30408546
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 1,584 SF
Gross Land Area: 7,088 SF
Sale Price: $89,900
Unit Price: $44,950 Per Unit
Property Use Type: Investment
Usable Size (USF): 1,584 SF
Sale Terms: Cash to Seller
Cap Rate: 10.15%
Average Occupancy Rate: 90
Last Updated: 9/10/2020

Overview / Comments

Unique offering - Sharp 2 Br house with many newers and a 24 X 24 garage with gorgeous loft apartment. Current rents are $1225/Mo, landlord pays water only. Very motivated seller.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: Rockford
Tax ID/APN: 12-29-205-026
Zoning: R-2
Percent Occupied: 100%
Total Number of Buildings: 2
Property Condition: Excellent
Year Built: 1983
Year Renovated: 2015
Roof Type: Arched
Construction/Siding: Metal Siding
Parking Type: Surface
Parking Description: Ample off street parking for about 6 cars
Total Parking Spaces: 6
Laundry: In Each Unit
Heat Type: Electricity
Fuel: Electric
Air Conditioning: Other
Interior Description: Both units are very nicely renovated.
Lot Frontage: 40
Lot Depth: 157.5
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,529 103,457 194,566
Median Age: 37.21 39.1 38.16
Households: 4,162 42,280 78,165

Contact

Photograph of Listing Agent

Brian Borchardt

A-1 Agency ICEx Member
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