NOT LISTED FOR SALE

712 B 2nd St Colona, IL 61241

-- Bed
-- Bath
2,800 Sq Ft
0.39 Acres

Last Sold December 01, 2020

Last sale price $247,000 $88 Per Sq Ft

153 Days on Market

About This Home

As of December 2020

Hard to find 9 unit income producing property in Colona, IL. Building has (6) 1 bedroom units and (3) 2 bedroom units with the potential for the upper level to be converted to 2-3 more units with city approval. Many long term tenants that would like to stay. 9 unit annually income is $69,960.

Last Agent to Sell the Property

Richard Bassford

RE/MAX Concepts Bettendorf License #S42142000/475.142927 Listed on: 01/24/2020

RE/MAX Concepts Bettendorf

Last Buyer's Agent

Richard Bassford

RE/MAX Concepts Bettendorf License #S42142000/475.142927 Listed on: 01/24/2020

RE/MAX Concepts Bettendorf

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,502

Year Built

  • Built in 1949

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 120x140

Home Design

  • 2,800 Sq Ft Home

Utilities

  • Central Air
  • Separate Meters

Community Details

Overview

  • 9 Units

Building Details

  • Gross Income $31,440
  • Net Operating Income $31,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,502

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Year Built: 1949
  • Built Before 1978 (Y/N): Yes
  • Legal Description: LTS 6 & 7 BLK 3 RYAN GARDENS CITY OF GREEN ROCK NOW CITY OF COLONA
  • Estimated Age: Older
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • Frontage Type: Paved

Utilities

  • Cooling: Central Air
  • Electric: Separate Meters

Lot Info

  • Lot Size Acres: 0.39
  • Lot Dimensions: 120x140
  • Property Offered: For Sale Only

Building Info

  • BuildingAreaTotal: 2800

Rental Info

  • Board Number: 30

Multi Family

  • Net Operating Income: 31440
  • GrossIncome: 31440
  • NumberOfUnitsTotal: 9

Tax Info

  • Tax Annual Amount: 3501.94

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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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
12/01/2020 12/01/20 Sold $247,000 -1.2% $88 / Sq Ft
06/25/2020 06/25/20 Pending -- -- --
01/24/2020 01/24/20 For Sale $250,000 -- $89 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4208957

Midwest Real Estate Data (MRED)