4 Houses and a workshop on one parcel

Multi-Family for Sale
Catylist Listing ID: 30446847
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 5 Units
Building Size (RSF): 8,000 SF
Gross Land Area: 44,160 SF
Sale Price: $309,900
Unit Price: $61,980 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 8,000 SF
Sale Terms: Cash to Seller
Cap Rate: 12.3%
Average Occupancy Rate: 100
Last Updated: 4/1/2020

Overview / Comments

Unique property consisting of 4 houses and a very nice workshop on one parcel. Low taxes. Seller would like to lease back teh shop for two years.

Additional Details

Nearest MSA: Freeport
County: Stephenson
Taxing Authority: Stephenson County IL
Tax ID/APN: 13-25-451-001
Zoning: M-1
Percent Occupied: 80%
Property Located Between: galena and end of beach
Highway Access: us buness 20
Airports: rockford international freeport municipal
Site Description: typical
Area Description: typical
Total Number of Buildings: 5
Property Condition: Good
Number of Stories: 2
Roof Type: Arched
Construction/Siding: Other
Parking Type: Surface
Parking Description: all houses have off street parking, as does the shop
Total Parking Spaces: 10
Laundry: In Each Unit
Sprinklers: Other
Heat Type: Other
Heat Source: Other
Fuel: Gas
Air Conditioning: Other
Internet Access: Other
Zoning Description: M-1
Lot Frontage: 442
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Land Ownership: fee simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,122 26,924 30,380
Median Age: 40.17 42.27 42.37
Households: 4,089 11,652 12,968


Photograph of Listing Agent

Brian Borchardt

A-1 Agency ICEx Member
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