Great investment opportunity with steady cash flow. This building is located at end of a cul-de-sac, it offers 8 apartments in total: 4-1 bedroom units and 4-2 bedroom units, a coin operated laundry room, storage rooms and plenty of parking. Tenants pay for electric. Owner pays for water, sewer and trash.
Multi-familyProperty Type
1982Year Built
16 spacesParking
Listed by Yolanda Rodriguez• Investors Helping Investors
8 unit apartment building located at end of cul-de-sac. A/C, ceiling fans, cable ready. 16 parking spaces. Clean and dry storage for each apartment located in basement. Onsite laundry. Tenant(s) pay for utilities. Owner pays for water, sewer, garbage. Cap rate 13.3% based on $280,000 list price. ($51,648 yearly rent income/$14,382 yearly operating expense/$37,266 NOI).
MRED as Distributed by MLS Grid #09482544
May 7, 2017
Contingent
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May 3, 2017
Listing Removed
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MRED as Distributed by MLS Grid #08740214
Dec 31, 2016
Listing Removed
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MRED as Distributed by MLS Grid #08552105
Aug 6, 2014
Listing Removed
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MRED as Distributed by MLS Grid #07899903
Feb 1, 2012
Listing Removed
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As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Winnebago County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Last updated by owner on Feb 18, 2017.
R4
Multifamily Residential District
Rockfords residential zoning districts are intended to create, maintain, and promote a variety of housing opportunities for individual households and to maintain the desired physical character of existing neighborhoods and developing areas consistent with the citys official comprehensive plan. These regulations are intended to ensure that permitted and special uses are compatible within each district. They are intended to maintain and protect residential property values and to promote the peace quiet and enjoyment of the citys residential areas by requiring setbacks and open spaces on the same lot as the residential development. While these districts primarily accommodate residential use types some nonresidential use types are also allowed.
Permitted uses
Include but are not limited to:
Garden center
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Office
Public service
Recreation
Park & open space
Property details
Parking
Parking/Garage Information
# of Parking Spaces Total: 16
Interior
Heating & Cooling
Has Heating
Heating: Baseboard
Interior Features
Appliances: Dryer, Refrigerator, Washer, Gas Water Heater
Exterior
Exterior Features
Roof: Shingle
Building Information
# of Stories Total: 2
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: 5+ Units
Financial
Tax Information
Tax Annual Amount: $12,382
Utilities
Utility Information
Electric: Fuses
Location
Schools Information
School District: Rockford 205
Elementary School: District 205-RFD
Middle Or Junior School: District 205-RFD
High School: District 205-RFD
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Winnebago County
APN: —
Home facts updated by county records on Feb 18, 2017
Around this home
Schools
Gregory Elementary School
Public K-5 • Assigned • 0.4mi
4/10
Eisenhower Middle School
Public 6-8 • Assigned • 2.2mi
3/10
Guilford High School
Public 9-12 • Assigned • 2.6mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 101° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Rockford, IL • 61108
Average low and high temperatures (°F)
27
12
36
19
53
32
62
41
71
48
82
61
85
66
80
61
79
55
67
45
48
34
33
19
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10 hours in
June and 3.6 hours in December, placing it below the
U.S. average for solar exposure.