$ 375,000
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$375,000
Price -
0
Bed -
0
Bath -
0
SqFt
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About the Listing 28881 - 215584
12.5% Cap Rate! Excellent investment opportunity! Grow your real estate portfolio with this well-maintained and fully occupied 9-unit apartment building featuring six 2-bedroom, 1-bath apartments and three 1-bedroom, 1-bath apartments. This income-producing property offers plenty of off-street parking, on-site laundry facilities, and long-term tenants, providing stable and consistent cash flow from day one. Each unit is all-electric, with tenants responsible for their own electric bills, including heating and cooking, while the landlord pays water, sewer, garbage, and gas for the hot water heater. Every unit includes a stove and refrigerator, and recent improvements include a newer roof, hot water heater, and sump pump. With 100% occupancy and strong rental appeal, this is an outstanding opportunity for investors looking to expand their portfolio and maximize returns.
Listing Highlights
Status
Active
Days on Site
27
Property Type
Multi-Family
MLS ®
12682716
Year Built
1929
Total Square Footage
0
Lot/Acreage
0.36
County
Ogle
Area
Mount Morris
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Electric,Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 129X123
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $8,616
- Taxes w/Assessments: N/A
- Tax/Property ID: 08274290110000
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
2 S Seminary Ave Mount Morris, IL 61054
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