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709 42ND Street

Rock Island, IL 61201
  • $350,000
  • STATUS: Active
  • ON SITE: 131 Days
  • ID#: QC4252496
UPDATED: 86 min ago
$350,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1919
County:
Area:

School Information

High School:

Description

Check out this exceptional investment opportunity featuring two duplexes and a fourplex (all on one parcel), for a total of 8 units in Rock Island. All 8 units are occupied. This property offers a mix of 2-bedroom (3) and 1-bedroom (5) units. Situated near parks and schools, residents enjoy convenient access to outdoor recreational activities and quality educational institutions. Whether you're an experienced investor or a first-time buyer looking to generate passive income, this property presents an excellent opportunity for long-term financial growth. With steady rental demand and potential for increased cash flow, this investment is poised to deliver solid returns. Property 709 has brand new A/C and duct throughout. 24 hour notice required to show. Unit Rent 709-$650, 709 1/2-$650, 711-$575, 711 1/2-$475, 713-$600, 713 1/2-$695, 715-$650, and 715 1/2-$750.

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© 2024 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2024-09-18T16:45:39.38.
www.brysonsmithteam.com/homes/150391245
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709 42ND Street Rock Island, IL 61201

  • Price: $350,000
  • Status: Active
  • On Site: 131 Days
  • Updated: 86 min ago
  • ID#: QC4252496
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1919
Built
Neighborhood:
Edgewood Park
County:
Rock Island
Area:
Qcara Area
High School:
Rock Island
Property Description
Check out this exceptional investment opportunity featuring two duplexes and a fourplex (all on one parcel), for a total of 8 units in Rock Island. All 8 units are occupied. This property offers a mix of 2-bedroom (3) and 1-bedroom (5) units. Situated near parks and schools, residents enjoy convenient access to outdoor recreational activities and quality educational institutions. Whether you're an experienced investor or a first-time buyer looking to generate passive income, this property presents an excellent opportunity for long-term financial growth. With steady rental demand and potential for increased cash flow, this investment is poised to deliver solid returns. Property 709 has brand new A/C and duct throughout. 24 hour notice required to show. Unit Rent 709-$650, 709 1/2-$650, 711-$575, 711 1/2-$475, 713-$600, 713 1/2-$695, 715-$650, and 715 1/2-$750.
Exterior Features

Construction Materials StuccoVinyl Siding Parking Features Guest ParkingOn Street Parking Total 8 Roof Shingle

Interior Features

Basement FullNoneUnfinished Building Area Total 5400 Heating GasCentral AirNo CoolingGas Water HeaterWindow Unit(s) Laundry Features Other Number Of Central Air Units 2 Number Of Dryers 2 Number Of Electric Meters 10 Number Of Gas Meters 11 Number Of Heating Units 7 Number Of Ranges 8 Number Of Washers 2 Number Of Water Heaters 3 Numberof Refrigerators 8

Property Features

100 Year Plain No Agent Owned No Disclosed Short Sale N Financing Cash OnlyConventional Gross Income 48832 Gross Scheduled Income 48448 Insurance Expense 4300 Lot Features Corner LotExtra LotLevelOther Lot Size Dimensions 141x53 Manager On Site YN No Net Operating Income -13612 New Construction YN No Number Of Water Meters 3 Operating Expense 56506 Repossessed No Structure Type Two or More StoryConversionDuplexQuadruplexOther Tax Annual Amount 5937.76 Tax Legal Description Lot 7 Block C Edgewood Park Add W 12 Ft Lot 8 And All Tax Year 2022 Trash Expense 0 Type Residential Income Water Source Public SewerPublic

Listing provided courtesy of Katy Gladkin of Milltown Realty, LLC: .
© 2024 RMLS Alliance, LLC. All Rights Reserved.


© 2024 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2024-09-18T16:45:39.38.
 
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Bryson Smith Team | Keller Williams Premier Realty
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Peoria IL, 61616