NOT LISTED FOR SALE

Estimated Value: $292,000 - $932,032

-- Bed
-- Bath
3,536 Sq Ft
$172/Sq Ft Est. Value

Last Sold September 30, 2024

Last sale price $975,000 $276 Per Sq Ft

Est. 38% decrease in value since last sale

Current estimated payment $3,952/month

58 Days on Market

About This Home

As of September 2024

Investment Opportunity: Turnkey Real Estate Package of (3) Brick 6-Plexes Exceptional investment opportunity in the heart of Rock Island, offering the chance to own (3) meticulously maintained brick 6-plexes. With a total of 18 units this portfolio presents an attractive blend of rental income potential & long-term value appreciation. Property Highlights: Each building within this portfolio has been impeccably maintained, reflecting the care and attention of the current owner. Each bldg features (3) two-bedroom units (2) one-bedroom units, and (1) efficiency unit. Additional Amenities: Each bldg features a 4 car detached garage & 3 off street parking spots & laundry facilities. Includes properties 2513 & 2514. No signs on the properties. Properties are located close to schools, hospital, parks, shopping, bus stops. With the buildings already in excellent condition and generating rental income, this investment opportunity is virtually turnkey. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a hassle-free investment, these properties offer an attractive proposition. Don't miss out on this rare chance to acquire a portfolio of (3) brick 6-plexes in exceptional condition, primed for continued rental income and take the next step towards building your real estate wealth.

Last Agent to Sell the Property

Diane Godwin-Luckey

RE/MAX Concepts Moline Brokerage Email: digodwin@aol.com License #475.136001/S38270000 Listed on: 05/09/2024

RE/MAX Concepts Moline

Last Buyer's Agent

Brody Gober

KW 1Advantage License #S65675000/475.179291

KW 1Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,484

Year Built

  • Built in 1952

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 90x121x90x122
  • Level Lot

Parking

  • 12 Car Detached Garage

Home Design

  • 3,536 Sq Ft Home
  • Shingle Roof

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Edison Middle School
  • Rock Island High School

Utilities

  • Window Unit Heating System
  • Heating System Uses Gas
  • Radiant Heating System
  • Gas Water Heater

Community Details

  • Mississippi Heights Subdivision

Listing and Financial Details

  • Tenant pays for gas & electric, sewer, water
  • Assessor Parcel Number 16-11-202-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,484

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1952
  • New Construction: No
  • Structure Type: Apartment Building
  • Attribution Contact: digodwin@aol.com
  • Special Features: None

Interior Features

  • Basement: Full, Partially Finished, Walk Out

Exterior Features

  • Lot Features: Level
  • Construction Type: Brick
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Detached
  • Total Parking Spaces: 12

Utilities

  • Heating: Gas, Radiant, Gas Water Heater, Window Unit(s)
  • Laundry Features: Common Area, Leased Equipment
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfRanges: 18
  • NumberofRefrigerators: 18
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 18

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • AdvertisingExpense: 0

Schools

  • High School: Rock Island
  • Middle Or Junior School: Edison

Lot Info

  • Lot Size Acres: 0.25
  • Lot Size: 90x121x90x122
  • Additional Parcels Description: 16-11-202-006 & 16-11-202-002
  • Parcel #: 16-11-202-005

Rental Info

  • Tenant Pays: Gas & Electric, Sewer, Water
  • Lease Term: Variable

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 24483.96
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2024
Closed on
Sep 30, 2024
Sold by
Mower Mark and Pitman-Mower Jean
Bought by
Gcg5 Investments Llc
Seller's Agent
Diane Godwin-Luckey
RE/MAX Concepts Moline
Buyer's Agent
Brody Gober
KW 1Advantage
List Price
$995,000
Sold Price
$975,000
Premium/Discount to List
-$20,000
-2.01%
Views
51
Current Estimated Value
$607,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$367,989
Avg. Annual Appreciation
-37.45%
Original Mortgage
$785,000
Outstanding Balance
$776,510
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
-$169,499

Purchase Details

Closed on
Nov 1, 2000
Source: Public Records

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
Gcg5 Investments Llc $975,000 Gomez Title
-- $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gcg5 Investments Llc $785,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2024 09/30/24 Sold $975,000 -2.0% $276 / Sq Ft
07/15/2024 07/15/24 For Sale $995,000 0.0% $281 / Sq Ft
07/15/2024 07/15/24 Price Changed $995,000 -11.6% $281 / Sq Ft
07/06/2024 07/06/24 Pending -- -- --
05/09/2024 05/09/24 For Sale $1,125,000 -- $318 / 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
2024 $8,806 $87,503 $16,267 $71,236
2023 $8,806 $80,058 $14,883 $65,175
2022 $8,161 $75,102 $13,962 $61,140
2021 $7,528 $71,322 $13,259 $58,063
2020 $7,371 $69,380 $12,898 $56,482
2019 $6,962 $68,693 $12,770 $55,923
2018 $6,962 $66,887 $12,434 $54,453
2017 $6,770 $64,665 $12,021 $52,644
2016 $6,567 $64,665 $12,021 $52,644
2015 $6,560 $64,665 $12,021 $52,644
2014 $1,583 $65,154 $12,112 $53,042
2013 $1,583 $65,154 $12,112 $53,042
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: QC4252506

RMLS Alliance

APN: 16-11-202-005