$850,000
$882,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
12,416 SqFt
SOLD DATE : 09/06/2022
Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 12,416 sqft
Price per Sqft $68
MLS Listing ID 11453645
Sold Date 09/06/22
Year Built 1963
Annual Tax Amount $19,723
Tax Year 2021
Lot Size 1.320 Acres
Lot Dimensions 180X194X360X297
Property Sub-Type Multi Family 5+
Property Description
Income producer in this brick 14 unit multi-family. Single story look from the front however rear is full exposure. Consists of 10 two bedroom units average rent $693 and 4 one bedroom units average rent $575. There have been many up dates over the recent years. In 2019 the roof was re-shingled, several windows replaced and new water heaters around 2 years ago. Nine of the units have been remodeled with the last 3 years with variations of kitchen, bathroom and flooring upgrades. Low expense building, each tenant covers their electric, gas and heat. Owner has some common area utilities, water and sewer and salvage. Coin operated laundry on site. Each unit includes stove and refrigerator. On site parking and large back yard for tenant enjoyment.
Location
State IL
County Winnebago
Area Rockford
Zoning MULTI
Interior
Cooling None
Fireplace N
Exterior
Utilities Available Sanitary Sewer, Water-Municipal
Roof Type Composition
Building
Level or Stories 2
Structure Type Brick, Wood Frame
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Bought with Jonathan Gieson • RE/MAX of Rock Valley
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "