Residential Rental Properties (4 Condos) - Excellent Rental History

Multi-Family for Sale
Catylist Listing ID: 30355479
Number of Units: 4 Units
Building Size (RSF): 7,262 SF
Gross Building Area: See Agent
Sale Price: $618,639
Unit Price: $154,659.75 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 2/24/2021

Overview / Comments

EXCELLENT INCOME PROPERTY. Excellent rental history. (4) Condos in 2 buildings. Offered as a 4-unit rental income property. May be divided. 5644 and 5654 Cherryleaf is a beautiful upper level condos featuring 1930 SF of living space. 2 BR, 2 Baths, fireplace, eat-in kitchen, separate dining area, loft, large bonus room (could be 3rd BR/office), vinyl deck overlooking a wooded area. . 5648 & 5658 Cherryleaf are upper level condos (Grandview1 plan) having over 1700 SF each w/2 BRs including MBR Suite w/huge walk-in closet, eat-in kitchen plus Dining Room, Living Room, loft and raised deck with vinyl rail system. Attached 1and 2-car garages. Listing includes addresses 5644, 5648, 5654 and 5658 Cherryleaf Lane. Ideal location off Harrison Ave. near CherryVale Mall. Close to I-90, I-39 and Bypass 20. Sale to include all appliances including washers and dryers. Call office for financial information. Broker interest.

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: Winnebago County
Tax ID/APN: 1233456034, 1233456036, 1233456038, 1233456040
Percent Occupied: 100%
Property Located Between: Mulford Road and Harrison Avenue near Perryville Road
Highway Access: Interstate 90, Interstate 39, Highway 20
Airports: Chicago Rockford International
Total Number of Buildings: 4
Property Condition: Excellent
Year Built: 2006
Construction/Siding: Vinyl Siding
Parking Type: Structure
Parking Description: Units have an attached 1 and 2-car garages
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,818 72,177 152,221
Median Age: 41.94 38.99 38.64
Households: 3,613 29,563 61,528


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