910 4th Ave - Multi-Family FOR SALE


Rockford, IL 61104- Midtown Rockford
$325,000 USD
630-297-5429
910 4th Ave, Rockford, IL for Sale
$325,000 USD
Multi-Family - FOR SALE
1/24
null | 11.91% Cap Rate

910 4th Ave
Rockford, IL 61104
Midtown Rockford


HIGHLIGHTS

  • Fully-occupied & turn-key.

OVERVIEW

Turn-key investment opportunity in the heart of Rockford's thriving Midtown District. This solid all-brick four-unit building was fully renovated in 2022 and offers the kind of stability and cash flow investors are looking for. Each unit features a spacious 2 bedroom, 1 bathroom layout designed for comfortable living. The property is professionally maintained and easy to manage, with tenants responsible for their own electric and gas. All four units have central heat and window air conditioning. The building currently has two month-to-month leases and two term leases, providing both reliable income and future flexibility for the new owner. With a strong rental history and exceptional on-time payment record, this property has already proven itself as a dependable performer. Tenants enjoy convenient amenities including coin laundry in the building, four dedicated basement storage units, two covered parking spaces, and additional green space adjacent to the building. The location is another major advantage-close to schools, shopping, restaurants, and everyday conveniences that make Midtown a highly desirable area for renters. Generating $46,500 in gross annual rental income, this fully renovated property is truly a plug-and-play investment. Everything has already been done for you. Step in, start collecting income from day one, and add a strong, stable asset to your portfolio.

FOR SALE DETAILS

PRICE

$325,000 USD

PRICE/SF

$79 USD /SF

# OF UNITS

4

PRICE/UNIT

$81,250

CAP RATE

11.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rockford 4-Unit Apartment Building

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

2

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

11-26-253-006

ASK ABOUT THIS PROPERTY

Joseph EnzbigilisPlatinum Partners RealtorsMore Info
630-297-5429

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Joseph EnzbigilisPlatinum Partners RealtorsMore Info
630-297-5429

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