Jeff Dellitt
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Excellent investment opportunity with this 6-unit multifamily property featuring a strong rental history and solid long-term tenants in place. The building includes a mix of 4 one-bedroom units and 2 two-bedroom units, currently generating approximately $4,500 in total monthly rent with potential for future rent increases. Several units have seen recent updates, including new vinyl flooring and carpeting in 4 of the units within the last 1-3 years, while the remaining units offer hardwood and older finishes. Bathrooms have had updated fixtures and replaced toilets, and all units remain functional and well-maintained. The property offers separate entrances for most units, off-street parking, and a basement area with utility meters and additional storage. All units are electric with baseboard heat, and the building has no known electrical, plumbing, or foundation issues. A great opportunity for investors seeking stable cash flow with upside potential.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Winnebago
Listed By:
EJC REAL ESTATE SERVICES
773-236-7844
MRED MLS
MLS ID: 12571125
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741 Elgin Street, Cherry Valley, IL 61016.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $469,900 | $469,900 | $469,900 |
| Down Payment | $93,980 | $16,447 | $117,475 |
| Monthly Mortgage Amount | $2,164 | $2,693 | $2,810 |
| Taxes | $654 | $654 | $654 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $207 | $0 |
| Monthly Estimated Total | $2,955 | $3,691 | $3,601 |
Jeff Dellitt
REALTOR®
Office: (563) 441-5013
Cell: (563) 343-1028
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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