1600 9th St - Apartments FOR SALE


Rock Island, IL 61201- Douglas Park
$79,900 USD
754-251-0201
1600 9th St, Rock Island, IL for Sale
$79,900 USD
Apartments - FOR SALE
1/16
null | 12.25% Cap Rate

1600 9th St
Rock Island, IL 61201
Douglas Park


HIGHLIGHTS

  • Awesome Investment!
  • Separate Electric and Gas meters!!
  • Will easily rent for $700+ each!!!
  • Tons of rental demand in the area!!
  • Sold at a discount!!!

OVERVIEW

Fullscreen Slideshow image 1Slideshow image 2Slideshow image 3 Internal Description FULLY OCCUPIED and TURNKEY Rents at $800 and $700 All renovations complete, code violation lifted. GREAT INVESTMENT!! Property Description FANTASTIC DUPLEX!!! Fully occupied and turnkey!!! Downstairs 2bed unit rents at $800 and upstairs 1bed unit rents at $700!!! All repairs are done, building is up to code!! Tenants pay electric!! BRAND NEW BASEBOARD HEATING!!! PROPERTY GENERATES A 15%+ NET RETURN ON INVESTMENT!!! We have done all the work, so you do not have to! Will not last!!! Property management and financing is available!!!

FOR SALE DETAILS

PRICE

$79,900 USD

PRICE/SF

$57 USD /SF

# OF UNITS

2

PRICE/UNIT

$39,950

CAP RATE

12.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1909

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

RI

APN/PARCEL ID

16-03-241-008

ASK ABOUT THIS PROPERTY

Eli AhmadovLOYD RealtyMore Info
754-251-0201

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Eli AhmadovLOYD RealtyMore Info
754-251-0201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.