NOT LISTED FOR SALE

Estimated Value: $140,000 - $177,000

4 Beds
4 Baths
2,297 Sq Ft
$69/Sq Ft Est. Value

Last Sold September 02, 2022

Last sale price $145,000 $63 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,247/month

9 Days on Market

About This Home

As of September 2022

Here is a perfect opportunity to expand your portfolio with a 4-unit income property. Each unit has 1 bedroom and 1 bath. Inside, the enclosed porch has walls of windows and Unit 2 has great hardwood floors and tile in the kitchen. You are sure to appreciate the French doors leading to the bedroom. In Unit 1 you will find a large living room, a great neutral-colored kitchen with plenty of cabinet space, and a spacious bedroom. All units are currently rented. Coin-operated laundry in the basement. This is a fantastic investment opportunity for any multifamily investor looking to place capital in a stable, cash-flowing asset. Don't let this one get away!

Last Listed By

Richard Bassford

RE/MAX Concepts Bettendorf License #S42142000/475.142927 Listed on: 07/13/2022

RE/MAX Concepts Bettendorf

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,603

Year Built

  • Built in 1900

Lot Details

  • 6,534

Home Design

  • Quadruplex

Basement

  • Block Basement Construction

Schools

  • Moline High School

Listing and Financial Details

  • Tenant pays for gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,603

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Four-Plex
  • Legal Description: LOTS 1 AND 2 BLOCK 3 ATKINSON PARK ADD E 80 FT OF N 30 FT LOT 3 AND E 80 FT
  • Lvt Date: 07/14/2022
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Concrete
  • Price Per Sq Ft: 63.13
  • Total Sq Ft: 2297

Exterior Features

  • Road Access: Alley, Curbs & Gutters, Gravel, Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Attached, Guest Parking, On-Street Parking
  • Number Parking Spaces: 1

Utilities

  • Heating Cooling: Forced Air, Gas
  • Water Sewer: Public Sewer, Public Water
  • Electric Expense: 1704
  • Laundry Facilities: Common
  • Water Sewer Expenses: 3864

Schools

  • High School: Moline
  • High School: Moline

Lot Info

  • Estimated Lot Size: 81x174
  • Estimated Number of Acres: 0.15
  • Lot Description: Corner, Level, Sloping
  • Subdivision: Atkinson Park
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Gas & Electric
  • Gross Annual Rent Income: 27480
  • Lease Information: 1 Year, Various Terms
  • Management Expense: 2268

Tax Info

  • Annual Taxes: 3603.2
  • Parcel Id Number Tax Id: 08-32-439-002
  • Tax Year: 2021

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 28584
  • Total Number Electric Meters: 5
  • Total Number Gas Meters: 3
  • Total Number Heating Units: 2
  • Total Number Water Heaters: 1
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2022
Closed on
Aug 30, 2022
Sold by
Ac Rooftops Llc
Bought by
Rabow Llc
Seller's Agent
Richard Bassford
RE/MAX Concepts Bettendorf
Buyer's Agent
Pieter Hanson
BUY SELL BUILD QC - Real Broker, LLC
List Price
$145,000
Sold Price
$145,000
Total Days on Market
9
Views
24
Current Estimated Value
$158,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,995
Avg. Annual Appreciation
3.48%
Original Mortgage
$116,000
Outstanding Balance
$60,759
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$98,236

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rabow Llc $145,000 Mason And Scott Pc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rabow Llc $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2022 09/02/22 Sold $145,000 0.0% $63 / Sq Ft
07/22/2022 07/22/22 Pending -- -- --
07/13/2022 07/13/22 For Sale $145,000 +31.8% $63 / Sq Ft
05/01/2019 05/01/19 Sold $110,000 -8.3% $48 / Sq Ft
03/31/2019 03/31/19 Pending -- -- --
03/28/2019 03/28/19 For Sale $119,900 -- $52 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $4,384 $48,671 $6,623 $42,048
2022 $3,615 $39,735 $6,623 $33,112
2021 $3,603 $37,952 $6,326 $31,626
2020 $3,621 $37,725 $6,288 $31,437
2019 $3,560 $36,841 $6,141 $30,700
2018 $3,366 $35,240 $6,068 $29,172
2017 $3,291 $34,515 $5,943 $28,572
2016 $3,253 $33,938 $5,844 $28,094
2015 $3,184 $33,240 $5,724 $27,516
2014 $834 $33,863 $5,831 $28,032
2013 $834 $33,863 $5,831 $28,032
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: QC4235119

RMLS Alliance

APN: 08-32-439-002