This 11 unit building is a real money maker. All units are rented to month-to-month tenants. Yearly income is 114,600. The attached 2 story home has 3 units, one 2 bedroom and the other 2 have a one bedroom with small office. Newer roof and furnaces. Water heater about one year old. The other building has one studio apartment and the rest all one bedrooms and 6 one bedrooms, most of them remodeled. Roof was done less than 4 years ago. All units have electric heat and AC in the wall. Parking is unassigned and shared plus there's plenty of street parking. New blacktop. There's a heated 2car garage with workshop, 1/2 bath, utility sink and lots of storage, currently rented. Building to be sold as a package with 212 N 4th St. Rockford IL 61107. All room sizes are approximate.
Listed By
Agency Name: Ultimate Realty Inc.
Shown By
Agent Name: Brad Benedict
Agent Phone: (815) 988-4286
Agency Title: Gambino Realtors
Estimated Payment
$ 3,151.56 per month $2,180.31 Principal & Interest $831.25 Property Tax $140.00 Homeowner's Insurance
218 N 4 Street | MLS# 202602122
This multi-family property located at 218 N 4 Street, Rockford, IL 61107 is currently listed for sale with an asking price of $480,000. N 4 Street is located within the Rockford 205 school district. Search Rockford real estate on bbenedict.gogambino.com today.