Bob Case
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Investment opportunity in a prime Rockford location! This four-unit brick building offers a strong combination of existing rental income, recent interior improvements, and off-street parking. Three of the four units are currently rented, providing immediate income, while the vacant model unit offers flexibility for a new tenant or owner. Each unit offers 3 bedrooms and 1 full bath. Recent improvements throughout all four units include fresh paint, quartz countertops, and refinished hardware. The model unit showcases the building's classic character with refinished hardwood flooring, crown molding, large windows, and an arched opening between the main living spaces, along with an updated kitchen featuring white cabinetry, quartz countertops, and stainless steel appliances. A long private driveway leads to a rear parking pad with four dedicated parking spaces. The basement provides a washer/dryer hookup, where the seller currently offers coin laundry, adding an income opportunity for the next owner. A solid multi-unit asset with three occupied units, updated interiors, parking, and a vacant unit ready for its next tenant.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 12
Bathrooms: 4
County: Winnebago
Subdivision: Woodruffs
Listed By:
Legacy Properties, A Sarah Leonard Company, LLC
224-999-9100
MRED MLS
MLS ID: 12789898
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1119 9th Avenue, Rockford, IL 61104.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $489,000 | $489,000 | $489,000 |
| Down Payment | $97,800 | $17,115 | $122,250 |
| Monthly Mortgage Amount | $2,603 | $3,194 | $3,170 |
| Taxes | $681 | $681 | $681 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $215 | $0 |
| Monthly Estimated Total | $3,427 | $4,233 | $3,994 |
Bob Case
REALTOR®
Cell: (563) 340-7514
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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