Description
Turnkey, updated, and fully rented 7-unit investment opportunity!! Five of the units are spacious townhouse-style 2-bedroom layouts featuring 1.5 bathrooms and generous living space. All units offer great natural light and functional flow. These bi-level townhome-style units rent easily, have smooth turnover, and include central air and designated parking. The property features 5 covered parking spaces plus 2 additional off-street spots. There is also a basement common area with designated spaces for laundry units along with tenant storage. Potential for increased rental income with HACC vouchers offering 2-bedroom units up to $1,122 and 1-bedroom units up to $934, creating a total potential cash flow of $7,854/month. Tenants pay their own gas, electric, and water, helping maximize returns. This conscientious owner has invested approximately $100,000 in improvements, including a new roof, multiple HVAC systems, and extensive unit renovations. A full list of upgrades is available in additional documents. Fully rented and meticulously maintained, this is a rare opportunity to step into immediate cash flow from day one!
Details
| MLS # | 12605088 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 2001 |
| Days On Site | 155 |
| Listing Provided By | Coldwell Banker R.E. Group | Judy Fejes |
Features
| Story(s) | 2 |
|---|---|
| Units | 7 |
| Zoning | MULTI |
Interior
| Cooling | Central Air |
|---|
Exterior
| Construction Materials | Wood, Brick, Vinyl Siding |
|---|
Utilities
| Sewer | Storm Sewer |
|---|---|
| Electric | Service - 0 to 100 Amps |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 11074 |
Area Information
| State | IL |
|---|---|
| County | Champaign |
| City | Urbana |
| Zip Code | 61801 |
| Area | Urbana |
| Listing VS Median (in 61801) | |
Price: $560,000 low | high Med: $242,450 On site: 155 low | high Med: 109.5 | |
Market Activity 61801
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Learn More About This Property
| State | IL |
|---|---|
| County | Champaign |
| City | Urbana |
| Zip Code | 61801 |
| Area | Urbana |
| Listing VS Median (in 61801) | |
Price: $560,000 low | high Med: $242,450 On site: 155 low | high Med: 109.5 | |
