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$ 180,000
Est. payment | /mo
5,850 SqFt
$ 180,000
Est. payment | /mo
5,850 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,850 sqft
Price per Sqft $30
MLS Listing ID 12776678
Year Built 1968
Annual Tax Amount $10,169
Tax Year 2025
Lot Size 0.300 Acres
Property Sub-Type Multi Family 5+
Property Description
Solid value add opportunity in Silvis with this 6-unit apartment building located at 1911 16th Street. The property features six 2-bedroom, 1-bath units, each offering a kitchen, dining room, living room, patio, and in-unit washer/dryer hookups. Four units are currently occupied, providing immediate income, while two lower units (#1 and #2) are vacant and not rent ready. Unit #2 has been recently renovated but still requires resolution of a plumbing issue before occupancy. Unit #1 has been demoed and also needs plumbing repair and a full renovation prior to being rented. Average rents for the occupied units range from $600-$625, offering strong upside once the lower units are brought back online and rents are raised to market levels. Tenants pay gas and electric, while the owner covers water, sewer, common area electric, trash, lawn care, and snow removal. The property is being sold As Is, making it an excellent opportunity for investors seeking a renovation project with long-term cashflow potential. Rent rolls and cash flow statements available with serious inquiries. Convenient location near schools, parks, and major roadways (John Deere Road & Avenue of the Cities).
Location
State IL
County Rock Island
Area Silvis
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Multi Family 5+
Sewer Public Sewer
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Listed by Brandon Kennedy of Ruhl&Ruhl REALTORS Moline
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