Jason Anderson
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
12.5% Cap Rate! Excellent investment opportunity! Grow your real estate portfolio with this well-maintained and fully occupied 9-unit apartment building featuring six 2-bedroom, 1-bath apartments and three 1-bedroom, 1-bath apartments. This income-producing property offers plenty of off-street parking, on-site laundry facilities, and long-term tenants, providing stable and consistent cash flow from day one. Each unit is all-electric, with tenants responsible for their own electric bills, including heating and cooking, while the landlord pays water, sewer, garbage, and gas for the hot water heater. Every unit includes a stove and refrigerator, and recent improvements include a newer roof, hot water heater, and sump pump. With 100% occupancy and strong rental appeal, this is an outstanding opportunity for investors looking to expand their portfolio and maximize returns.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Ogle
Listed By:
Wirtz Real Estate Group Inc.
708-516-3050
MRED MLS
MLS ID: 12682716
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2 S Seminary Avenue, Mount Morris, IL 61054.
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563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $375,000 | $375,000 | $375,000 |
| Down Payment | $75,000 | $13,125 | $93,750 |
| Monthly Mortgage Amount | $1,823 | $2,237 | $2,317 |
| Taxes | $522 | $522 | $522 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $165 | $0 |
| Monthly Estimated Total | $2,454 | $3,033 | $2,948 |
Jason Anderson
REALTOR®
Cell: (309) 207-0907
Licensed in IL
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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