Conveniently located close to shopping, schools and churches. 5 stall garage. large concrete drive and parking area in front of garage. floored walk-up attic. 2 separate outside entrances for each unit. Separate basement access for laundry purposes. This 2 unit could easily be converted back to a single family residence. At one time there was separate electric. 2 breaker boxes and slot for 2nd meter in meter box outside of house.
6 Multi Family Homes For Sale in Freeport, IL
8 UNIT APARTMENT COMPLEX WITH STRONG RENTAL HISTORY! If you are looking for an investment with great cash flow to add to your portfolio, look no further! 3 tenants have been in the building over 12 years! Each unit has 2 bedrooms, 1.5 bathrooms, in unit laundry, water softener, private balcony and a one stall parking space. The master is spacious with a vaulted ceiling and a walk in closet! Tenants pay their own utilities. Landlord owns all appliances and they will be included in the sale. There is a large space to the west of the current building that could serve as a building site for another complex. Roof was a complete tear off and re-shingle in 2020. Pre-approval required for all showings.
609 W Ordway Street, Freeport, IL 61032
Income producing 4 unit property! This property generates a 27% cap rate. NOI is $18,223. Rents are $650, $600, $550 and $550.Total Monthly Rent: $2,350. All units rented and are month to month leases. Unit 618 has been fully remodeled. 2 tenants are long term tenants, 10+ yrs . SOLD AS-IS
Motivated Seller!! "Bring me an offer" Huge price reduction. New roof 2017. $1,580 monthly income. Fully rented turn key investment opportunity. Large rooms, high ceilings, vinyl sided, all separate utilities, and off street parking. Currently garage is used for storage and has additional storage below. Walk up attic as well for storage.
Turn-Key Investment opportunity. 2 Unit up/down duplex, both unitls rented. $600 each per month. 2 bedrooms per unit. Large eat in kitchens. Laundry hook-ups in units. Hardwood floors, carpet, tile and vinyl floors. Many upgrades and improvements: Exterior Painted, deck, Exterior doors, Mail Boxes, Ceiling fans all in 2020, Electric Heat 2019, Replacement windows, Water Heaters 2017, Roof 2008. Separate utilities. Tenant supplies appliances. 3 stall Detached garage, concrete driveway. The square footed is estimated and the lot is irregularly configured. A solid investment for years of steady income!
22% + returns on this nice duplex consisting of Two 3 BR units. Currently vacant. Owner pays water only. Motivated seller.