$350,000
$350,000
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8 Beds
4 Baths
6,969 Sqft Lot
SOLD DATE : 05/30/2024
Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
Subdivision Stonegate
MLS Listing ID 12009145
Sold Date 05/30/24
Bedrooms 8
Year Built 1971
Annual Tax Amount $5,672
Tax Year 2022
Lot Size 6,969 Sqft
Lot Dimensions 65 X 110
Property Description
Don't miss out on this incredible investment opportunity! This fully leased 4-plex is a gem waiting for you. Consisting of two first-floor units and two second-floor units, each apartment has undergone recent updates, resulting in increased rental income. Conveniently situated in a central location, this property boasts easy access to multiple bus stops, making transportation a breeze for tenants. Additionally, off-street parking in the rear provides added convenience and peace of mind. The owner takes care of trash and sewer expenses, while tenants are responsible for water, power, and gas bills. Furthermore, this property allows for Airbnb/short-term rentals, offering even greater income potential. With its prime location, updated units, and solid rental history, this 4-plex presents a fantastic opportunity for savvy investors. Don't wait, seize this chance to add a lucrative asset to your portfolio!
Location
State IL
County Champaign
Area Champaign, Savoy
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Exterior Feature Balcony
Roof Type Asphalt
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
Elementary Schools Champaign Elementary School
Middle Schools Champaign Junior High School
High Schools Champaign High School
School District 4 , 4, 4
Others
Ownership Fee Simple
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with PJ Trautman • Trautman Real Estate Agency & Appraisal LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "