Multi-Family Investment Opportunity
|Catylist Listing ID:
|Number of Units:
|Building Size (RSF):
|Gross Building Area:
||$155,125 Per Unit
|Property Use Type:
||Cash to Seller
Overview / Comments
16-Unit INVESTMENT OPPORTUNITY! Walden Woods is a 52-unit condominium project. Thirty of the units were sold to private owners from 2005 to 2008. The remaining 22 units were committed to a leasing program and have been operated as rental units for over six years. 4 of these units sold in 2018, another in 2019, and another will sell in 2021. The remaining 16 units are being offered in a package as an investment opportunity.
Unit exterior and interior finishes built to high-quality condominium standards. All appliances including washers and dryers are included in the sale. The condominium association is well managed and its capital reserve account fully funded. Great current return on investment with an excellent history of high occupancy at market rent.
Strong employment in the surrounding area. Highly visible location. Main entrance on Harrison Avenue, a major east-west corridor on Rockford’s south side. Broker Interest
|Property Located Between:
||Harrison Ave. & Mulford Rd.
||I-39, I-90, Bypass 20
||8 Miles from the Greater Rockford Airport, 66 Miles from Chicago O'hare
|Total Number of Buildings:
||Vinyl Siding, Wood Frame
||Attached 1 and 2-car garages
||In Each Unit
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