$167,500
$150,000
11.7%For more information regarding the value of a property, please contact us for a free consultation.
2,170 SqFt
SOLD DATE : 06/29/2022
Key Details
Sold Price $167,500
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Square Footage 2,170 sqft
Price per Sqft $77
Subdivision Montvue Second Sub
MLS Listing ID 22028200
Year Built 1902
Building Age 120
Lot Size 8,538 Sqft
Property Description
Great Investment property. Move in ready. HUGE rooms. Very spacious units with big closets as well. Client is retiring. Downstairs tenant has 6 months left on lease at $600 a month. This tenant has been there 4 years and takes great care of his unit. This rent should be north of $800 a month. Upstairs unit is vacant and its rent should be north of $700. Separate gas and electric for each unit go in tenant's name. One sewer and water bill that owner currently pays but could be split between tenants. Separate furnace, AC, and water heater for each unit. Washer and dryer hook up in basement currently only for 1st floor unit, but a second hook up is already plumbed. Just need to add a wall and doors to separate the basement access to each tenant. Cash flows like crazy. Tons of parking, you will never have a dispute with your tenants over parking.
Location
State IL
County Madison-il
Interior
Heating Forced Air
Cooling Electric
Building
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
Schools
Elementary Schools Collinsville Dist 10
Middle Schools Collinsville Dist 10
High Schools Collinsville
School District Collinsville Dist 10
Others
Acceptable Financing Cash Only, Conventional, FHA, Government, USDA, VA
Listing Terms Cash Only, Conventional, FHA, Government, USDA, VA
Special Listing Condition Rehabbed, Renovated, None
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Bought with Patrice Tucker