12 unit Apartment Building - SE Rockford

Multi-Family for Sale
Catylist Listing ID: 30181539
Property Subtypes: Mid-Rise
Number of Units: 12 Units
Building Size (RSF): 9,690 SF
Gross Building Area: See Agent
Gross Land Area: 32,842 SF
Sale Price: $425,000
Unit Price: $35,416.67 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/8/2018

Overview / Comments

Nice Southeast location with off street parking and 10 car detached garages. Upper units have balconies. One bedroom units are rented fully furnished, and do not have AC. Shared laundry room. Separate electric. Boiler heat, water & garbage included in rent. Fully occupied at this time. 2017 Income $75,670. Utilities $12,140. Insurance $2472. Landscaping $983.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $14,630 (Annual)
Tax Value Land $13,283
Tax Value Improvements $82,365
Assessed Value - Total($) $95,648 (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 12-28-151-029
Zoning: R2
Property Condition: Average
Number of Stories: 3
Year Built: 1970
Construction/Siding: Brick, Stone
Parking Type: Structure, Surface
Heat Source: Baseboard
Lot Frontage: 80
Lot Depth: 155
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Edgewood View Sub No. 2, Pt SW 1/4 NW 1/4 Sec 28-44-2, Lots 15 and 16

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