Excellent opportunity to acquire two well-maintained 11-unit apartment building with 21 of 22 units currently occupied. Sold together with 208 Flintridge Dr. One vacant unit is intentionally being kept available for easy showings and provides an immediate leasing opportunity. The property features an average monthly rent of $1,070 per unit, offering strong in-place cash flow with additional upside through lease renewals and future rent growth. Major capital improvements have already been completed, including one roof replaced within the last 10 years. The buildings are served by four hot water heaters, with two approximately 7 years old and two recently replaced, helping reduce future capital expenditures. All 11 units have 2 bedroom 1 bath. PRICE IS PER BUILDING. 2.31M for Both 196 and 208.
Listed By
Agency Name: Realty One Group Strategies
Shown By
Agent Name: Dana Bonnell-Campbell
Agent Phone: (815) 871-2986
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Estimated Payment
$ 4,324.07 per month $2,570.53 Principal & Interest $1,416.67 Property Tax $336.88 Homeowner's Insurance
196 Flintridge Drive | MLS# 202604563
This multi-family property located at 196 Flintridge Drive, Rockford, IL 61107 is currently listed for sale with an asking price of $1,155,000. Flintridge Drive is located within the Rockford 205 school district. Search Rockford real estate on dana.bhhscrosby.com today.