Realty One Group Excel
Listed by Realty One Group Excel
$2,449,000
4115 Harrison Avenue
Details
APN 1605105006
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 24
Cap Rate 10.00%
NOI $178,000
Year Built 1970
Stories 3
Acreage 1.820
Zoning MULTI
Multifamily | 10.00% CAP | 24 Units
Marketing description
Currently fully occupied 24-unit, this building has 76 new windows, 16 new sliding doors, all new steel siding costing over 100K, many apartments have updated plumbing. Water heater is from 2018, building is fully turn key, most units are updated/renovated. Monthly rent roll is just over $20k with a lot more room for growth and potential. Only 5 minutes to I-39, I-90, and US20, and in the hottest market in the US. Rents should be $1200 for 2 bedroom units and $1100 for 1 bedroom units, building should be producing $30k proforma, without doing much work. Not many buildings like this for sale in Rockford! SHOWING WILL BE SATURDAY 1/17 AT 3:30 PM
Listing Contacts
Realty One Group Excel
Listed by Realty One Group Excel
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$178,000.00
$14,833.33/mo
Valuation Metrics
0
DSCR
7.27%
Cap Rate
7.27%
ROI
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