$425,000
$425,000
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9,583 Sqft Lot
SOLD DATE : 08/29/2024
Key Details
Sold Price $425,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12108422
Sold Date 08/29/24
Year Built 1966
Annual Tax Amount $6,051
Tax Year 2022
Lot Size 9,583 Sqft
Lot Dimensions 78 X 122 X 87 X 162
Property Description
Discover an exceptional investment opportunity with this meticulously maintained all-brick 6-unit multi-family building at 2910 Halsted Rd, Rockford, IL 61104. This property features five spacious units with 2 bedrooms and 1 bathroom each, and one cozy unit with 1 bedroom and 1 bathroom, catering to a variety of tenant needs. Recent upgrades include a brand-new boiler with warranty, a newer roof, new doors, plush carpeting, and fresh paint throughout. Currently generating approximately $5,000 per month in rental income, this building presents a robust return on investment and steady cash flow, with room to improve the rents. Located in Rockford, tenants enjoy convenient access to local amenities, schools, parks, and public transportation. This property offers a welcoming and comfortable living environment, making it an attractive choice for tenants. With its solid construction, modern upgrades, and strong rental history, this 6-unit building is an excellent addition to any real estate portfolio. SOLD BEFORE PROCESSING.
Location
State IL
County Winnebago
Zoning MULTI
Interior
Cooling Wall Sleeve
Fireplace N
Exterior
View Y/N true
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Mohammad Fatani • Realty One Group Excel