Description
Multi-family investment opportunity in excellent location in Rockford, IL. This eight (8) unit, masonry apartment building offers a strong rental history and is a low maintenance investment. Currently self-managed. The brick & block building is very low maintenance and requires very little management. All utilities are separate & landlord only pays RE Taxes & water & common area electric. Tenants pay the electric - there is no natural gas utilized in the property. Situated on the east side of Rockford, the asset is easily accessible to the East State Street restaurants, banks, bars and other conveniences. There is ample on-site parking(which is going to be replaced) and laundry connections in the basement. Excellent cash flow building with low maintenance requirements. Very little management other than lawn care and snow removal.
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N/AACRES
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01/2 BATHS
School Ratings & Info
Description
Multi-family investment opportunity in excellent location in Rockford, IL. This eight (8) unit, masonry apartment building offers a strong rental history and is a low maintenance investment. Currently self-managed. The brick & block building is very low maintenance and requires very little management. All utilities are separate & landlord only pays RE Taxes & water & common area electric. Tenants pay the electric - there is no natural gas utilized in the property. Situated on the east side of Rockford, the asset is easily accessible to the East State Street restaurants, banks, bars and other conveniences. There is ample on-site parking(which is going to be replaced) and laundry connections in the basement. Excellent cash flow building with low maintenance requirements. Very little management other than lawn care and snow removal.
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