Multifamily Building For Sale

Multi-Family for Sale
Catylist Listing ID: 30667450
Property Subtypes: Mid-Rise
Number of Units: 8 Units
Building Size (RSF): 8,062 SF
Gross Land Area: 0.80 Acres
Sale Price: $469,900
Unit Price: $58,737.50 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/20/2020

Overview / Comments

Located close to I-39 for a quick commute. Fantastic location. This 8 unit building is surrounded by single family homes. Nearby shopping. Solid investment.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $9,791 (Annual)
Tax Value Land $104,455
Potential Rental Income $79,200 (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 0404355001
Zoning: RESIDENTIAL
Percent Occupied: 90%
Property Located Between: Off of Route 251
Highway Access: I-39
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 2
Year Built: 1992
Construction/Siding: Wood Siding
Parking Type: Structure, Surface
Parking Description: 4 two car garage stalls (1 parking stall per unit).
Total Parking Spaces: 16
Laundry: Shared
Heat Type: Electricity
Heat Source: Baseboard
Fuel: Electric
Air Conditioning: Window Unit, Other
Lot Frontage: 296.77
Water Service: Municipal
Sewer Type: Municipal
Legal Description: DEARBORN HEIGHTS 2ND ADDN PT SW 1/4 SEC 4-46-2 LOT 033

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,727 51,504 71,186
Median Age: 34.67 35.4 37.04
Households: 1,376 18,815 26,703
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