BEDS0
BATHS
MLS#12682716
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Lot Size: 0.36 Acres
Stories: 2.0
Taxes: $8,616
Year Built: 1929
Feature Descriptions
HVAC: Electric, Baseboard
Lot Dimensions: 129X123
Parcel#: 08274290110000
Tenant Pays: Electricity
Units: 9
Listed By / Shown By
Listed By
Agency Name: Wirtz Real Estate Group Inc.
Agency Phone: 708-516-3050
Shown By
Agent Name: Vickie Krueger
Agent Phone: (815) 243-0293
Agency Title: Dickerson & Nieman Realtors
Estimate Your Payment
Estimated Payment
$ 1,661.96 per month $834.59 Principal & Interest $718.00 Property Tax $109.38 Homeowner's InsuranceChange Payment Information
Vickie Krueger
Cell: (815) 243-0293
Email Me
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2 S Seminary Avenue | MLS# 12682716
This multi-family property located at 2 S Seminary Avenue , Mount Morris, IL 61054 is currently listed for sale with an asking price of $375,000. Search Mount Morris real estate on vickiekrueger.dickersonnieman.com today.