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219,221,223 S F Street La Harpe, IL 61450 • Multi Unit - Multiple • Active Under Contract

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Description

Excellent investment opportunity with three well-maintained buildings offering a total of 12 units (each 2 bed/1 bath). Currently 8 of the 12 units occupied, providing immediate income with room to increase returns. Major updates include new roofs in 2024, 9 water heaters only 3 years old, and 11 units featuring updated flooring, paint, and bathroom renovations. Each building offers a coin-operated washer and dryer, generating additional income. Tenants pay their own electric, water, and sewer, with owner covering utilities for common and laundry areas. Current rents range from $500?$575, presenting solid upside potential for savvy investors. A rare chance to acquire a stabilized, improved multi-building complex with value-add opportunities still available!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Hancock
High School: Illini West
Subdivision: None
Listed By:
Farlow Real Estate Experts Office: 217-641-2995
RMLSA
$380,000
Est. $2,390/mo
Active Under Contract
BEDS0 BATHS0 MLS#CA1040903
STATUSActive Under Contract PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONNone SCHOOLIllini West
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Jeff Dellitt
 (563) 343-1028

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219,221,223 S F Street, La Harpe, IL 61450.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $380,000$380,000$380,000
Down Payment $76,000$13,300$95,000
Monthly Mortgage Amount $1,750$2,177$2,272
Taxes $529$529$529
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$167$0
Monthly Estimated Total $2,390$2,984$2,912

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