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Turnkey Multifamily Investment Opportunity. Fully Occupied & Income Producing Don't miss this excellent opportunity to acquire a fully occupied, cash-flowing multifamily property in a quiet, desirable neighborhood. This updated double has been extensively remodeled and features reliable tenants already in place, providing immediate rental income from day one. Property Highlights: Lower Unit 2 Bedrooms, 1 Bathroom, Freshly remodeled throughout.Brand-new kitchen, Brand-new bathroom. Two porches Appliances included. Currently rented for $1,200/month. Upper Unit 1 Bedroom, 1 Bathroom. Freshly remodeled. Brand-new kitchen. Appliances included. Currently rented for $900/month. Lease expires May 4, 2027 Investment Details Total Monthly Rental Income: $2,100 Annual Gross Rental Income: $25,200 Security deposits on file, Owner pays water sewer and trash. Many updates completed throughout the property. Fully occupied with established tenants This is an ideal addition to any investment portfolio, offering immediate cash flow and updated interiors that help minimize future maintenance concerns.
Property Details
- school district
- Urbana City School District
- built
- 1858
- stories
- 2
- MLS#
- 963600
Interior Features
- Range
- Refrigerator
- Ceiling fan(s)
- Forced air heat
- Natural gas heat
- Gas water heater
- Window unit air conditioner
- Smoke alarm
Exterior Features
- No garage
- On street parking
- Stone exterior
- Porch
- Patio
- Lot acreage is: 0.1934
- Lot dimension is: 72x117
- Lot sqft: 8424
- Subdivision: Depositors Add
- Lot zoned: Residential,Multiple
- Public water
- Units in building(s): 2
- Total square feet: 1904
- Living square feet: 1904
- Tenant expenses: Electricity,Gas
- For sale