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$ 1,155,000
Est. payment | /mo
$ 1,155,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 12711729
Year Built 1968
Annual Tax Amount $34,222
Tax Year 2025
Lot Dimensions 72x228x128x139x224
Property Sub-Type Multi Family 5+
Property Description
Excellent opportunity to acquire two well-maintained 11-unit apartment building with 21 of 22 units currently occupied. Sold together with 196 Flintridge Dr. One vacant unit is intentionally being kept available for easy showings and provides an immediate leasing opportunity. The property features an average monthly rent of $1,070 per unit, offering strong in-place cash flow with additional upside through lease renewals and future rent growth. Major capital improvements have already been completed, including one roof replaced within the last 10 years. The buildings are served by four hot water heaters, with two approximately 7 years old and two recently replaced, helping reduce future capital expenditures.
Location
State IL
County Winnebago
Area Rockford
Interior
Cooling Wall Sleeve
Fireplace N
Building
Dwelling Type Multi Family 5+
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Listed by Philip Williams of Realty One Group Strategies
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
propertymanagement@legacypropertiesil.com
1350 Remington Rd, Suite B, Schaumburg IL, Other