NOT LISTED FOR SALE

513 Red Bud Ln Troy, IL 62294

10 Beds
-- Bath
6,120 Sq Ft
1990 Built

Last Sold February 07, 2020

Last sale price $425,000 $69 Per Sq Ft

Highlights

  • Corner Lot
  • Brick Veneer
  • Forced Air Heating and Cooling System
  • Henning Elementary School Rated A-

About This Home

As of February 2020

Attention all investors! This is a terrific opportunity to add to your portfolio! This well-maintained 10 unit apartment complex is situated in a quiet neighborhood in Troy, IL. All units are identical with 1 bedroom, 1 full bath, eat-in kitchen with stove and refrigerator, living room, and washer and dryer in each unit. Patio space for each unit and a covered common area for picnics. Plenty of parking for all residents and guests. Roof new after hail storm in 2017. All units are fully leased and on yearly leases. Managed by a local management company. Tenants pay for water, sewer, & electric on their own. Trash, snow removal, and lawn maintenance is part of the monthly leases. Units A, B, C, E, H, & I pay $425/mo., Units D, G, & J pay $475/mo., and Unit F pays $445/mo. No smoking allowed in units. Located close to shopping, dining, and interstate access.

Last Agent to Sell the Property

Scott Heinlein

RE/MAX Alliance License #475122327 Listed on: 12/27/2019

RE/MAX Alliance

Last Buyer's Agent

Michelle Hawthorne

RE/MAX Alliance License #475130832

RE/MAX Alliance

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1990

Lot Details

  • Lot Dimensions are 105x273
  • Corner Lot

Home Design

  • 6,120 Sq Ft Home
  • Brick Veneer
  • Cedar

Parking

  • 2 Parking Spaces Included
  • Over 1 Space Per Unit
  • Parking Lot

Schools

  • Triad Dist 2 Elementary And Middle School
  • Triad High School

Additional Features

  • Laundry in unit
  • Suburban Location
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electric, water
  • Assessor Parcel Number 09-2-22-05-16-402-004

Property Details

Home Type

Apartment

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apartment Complex
  • Cross Street: Zenk
  • Special Description: No Exemptions
  • Age: 30
  • Ownership: Private
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Laundry: Prvt Laund all units
  • Square Footage: 6120

Exterior Features

  • Construction: Brick Veneer Decrtv, Cedar/Wood

Garage/Parking

  • Parking: 2+ Space/Unit, Parking Lot

Utilities

  • Sewer: Public
  • Water: Public
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

  • School District: Triad DIST 2
  • Elementary School: TRIAD DIST 2
  • Middle School: TRIAD DIST 2
  • High School: Triad
  • Elementary School: TRIAD DIST 2
  • Junior High School: TRIAD DIST 2
  • School District: Triad DIST 2
  • Senior High School: Triad

Lot Info

  • Lot Dimensions: 105x273
  • Location: Corner Location, Suburban

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: Electric, Water

Multi Family

  • Building Info: No Units Furnished, Smoke/Alarm Detector
  • Building Number: 1
  • Gross Operating Income: 53040.00
  • Units: 1
  • Total Expenses: 16500.00

Tax Info

  • Taxes Paid: 12599
  • Assessor Parcel Number: 09-2-22-05-16-402-004

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2020 02/07/20 Sold $425,000 -1.1% $69 / Sq Ft
12/28/2019 12/28/19 Pending -- -- --
12/27/2019 12/27/19 For Sale $429,900 -- $70 / Sq Ft
Source: MARIS MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS19090753

MARIS MLS