Kevin Dolan
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Excellent investment opportunity in Rockford! This fully occupied 8-unit multifamily property features eight 1-bedroom, 1-bathroom apartments, offering immediate rental income and potential for future growth. The property generates $60,900 in annual GOI with a reported NOI of $41,745, representing a 9.82 cap rate at the asking price of $425,000. Featuring an attractive brick exterior and a convenient location 3 minutes from downtown Rockford, this property presents a great opportunity for investors looking to expand their portfolio with an established income-producing asset.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Winnebago
Listed By:
The Agency X
630-473-7720
MRED MLS
MLS ID: 12789523
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616 Market Street , Rockford, IL 61107.
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563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $425,000 | $425,000 | $425,000 |
| Down Payment | $85,000 | $14,875 | $106,250 |
| Monthly Mortgage Amount | $2,262 | $2,776 | $2,755 |
| Taxes | $591 | $591 | $591 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $187 | $0 |
| Monthly Estimated Total | $2,977 | $3,678 | $3,470 |
Kevin Dolan
REALTOR®
Cell: (563) 506-4265
Licensed in IA
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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