973 N MAIN STREET

Multi-Family for Sale
Catylist Listing ID: 30537568
Number of Units: 9 Units
Building Size (RSF): 7,235 SF
Gross Land Area: 12,203 SF
Sale Price: $354,000
Unit Price: $39,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/16/2020

Overview / Comments

WOW, GREAT INVESTMENT OPPORTUNITY IN GREAT DOWNTOWN LOCATION. 9 UNITS THAT OVERLOOK THE ROCK RIVER. PROPERTY BRINGS IN OVER $68,000 IN RENTS WITH AN ADDITIONAL $1800 IN COIN OPERATED WASHER AND DRYER. 8-1 BEDROOM APARTMENTS WITH 1 TWO BEDROOM. THE PROPERTY GENERATES OVER $45,000 IN NET OPERATING INCOME. TENANTS PAY ALL UTILITIES. THIS IS A VERY RARE OPPORTUNITY.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $6,403 (Annual)
Assessed Value - Total($) $44,873 (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Tax ID/APN: 1123204013
Zoning: R4
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1900
Year Renovated: 2007
Roof Type: Other
Construction/Siding: Brick
Parking Type: Surface
Parking Description: BLACKTOP
Total Parking Spaces: 9
Zoning Description: APARTMENT
Lot Frontage: 70
Lot Depth: 150
Water Service: Municipal
Sewer Type: Municipal
Legal Description: SUBD OF PT NE 1/4 SEC 23-44-1 S 10 FT W 150 FT + E 150 WLY 300 FT LOT 004

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,468 113,899 195,538
Median Age: 35.21 35.6 37.47
Households: 8,440 44,786 77,561

Contact

Photograph of Listing Agent

Adam Guarino

DICKERSON NIEMAN COMMERCIAL
CMCPEX Member
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