Lasalle

Multi-Family for Sale
Catylist Listing ID: 30666406
Number of Units: 28 Units
Building Size (RSF): 24,540 SF
Gross Land Area: 42,253 SF
Sale Price: $1,442,000
Unit Price: $51,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Average Occupancy Rate: 96
Gross Rent Multiplier: 14
Last Updated: 12/1/2020

Overview / Comments

FOR SALE IS A 20 UNIT COMPLEX AND 2- 4 UNIT BUILDINGS IN NORTHEAST ROCKFORD. THESE PROPERTIES OFFER A NEW OWNER THE CHANCE TO ENJOY A QUALITY AND STABLE SET OF 3 BUILDINGS WITH POSITIVE CASH FLOW FROM DAY 1! VERY SOLID , WELL MAINTAINED BUILDINGS. EASY TO RENT , MANY LONG TERM TENANTS. THESE 3 BUILDINGS ARE BEING SOLD AS A PACKAGE, THEY WILL NOT BE SOLD SEPARATELY PER OWNER. GREAT INVESTMENT OPPORTUNITY. THERE ARE 18 -2 BEDROOM UNITS AND 10 1-BEDROOM UNITS, LAUNDRY FACILITY ON SITE AND OFF STREET PARKING. CHECK OUT THIS INVESTMENT TODAY. GARAGE SPACES AVAILABLE FOR RENT. NEW EXTERIOR LED LIGHTING.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: Winnebago
Tax ID/APN: 1207426015, 1207427035
Percent Occupied: 96%
Property Located Between: Sunnyside and Forest Hills Road.
Highway Access: Close to HWY 251
Airports: Chicago Rockford International Airport
Area Description: Residential area, close to schools, retail and restaurants.
Total Number of Buildings: 3
Property Condition: Good
Number of Stories: 3
Year Built: 1970
Roof Type: Flat
Exterior Description: BRICK & SIDING ON 20 UNIT BUILDING WITH FLAT ROOF. . 2 -4 UNIT BUILDINGS ARE BRICK EXTERIOR AND HAVE GABLE ROOFS.
Parking Type: Structure, Surface
Parking Description: 8 INDOOR PARKING GARAGES, APPROXIMATELLY 36 OUTDOOR PARKING PLACES.
Laundry: Shared
Sprinklers: None
Heat Type: Electricity
Heat Source: Baseboard
Fuel: Electric
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: THERE ARE 18- 2BEDROOM UNITS AND 10 - 1 BEDROOM UNITS WITH KITCHEN- DINING AREA INCLUDING FRIDGE & STOVE, SPACIOUS LIVING ROOM. THESE BUILDINGS HAVE BEEN WELL MAINTAINED INTERIOR AND EXTERIOR.
Zoning Description: R3
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: OWNED
Legal Description: CITY/MUNI/TWP;ROCKFORD HARLEM HILLS BNG PT SEC 7-44-2 LOTS 40-41 &042 BLOCK 007 PIN:12-07-426-015 , PIN:12-07-427-035 , LOT 17-19 CITY/MUNI/TWP:ROCKFORD HARLEM HILLS PT SEC 744-2 LOTS 17-19 BLK 8

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,073 103,871 198,836
Median Age: 45.12 40.62 38.3
Households: 3,849 43,557 79,051

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Rockford Area REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.