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Key Details
Sold Price $442,500
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12093929
Sold Date 09/16/24
Bedrooms 6
Year Built 2020
Annual Tax Amount $11,236
Tax Year 2023
Lot Size 0.280 Acres
Lot Dimensions 80X150
Property Description
Duplex opportunity available in NW Champaign. 8 have already sold. At only 4 years old, this home is bringing in $43,200 in annual rent. Both units are currently at. 1800/month. There are comps that are renting for as high as 2100/month. Tenants pay for all utilities. HOA Fee is 125/unit/year. Solar Panels have been installed on each unit (and are paid for) with EV Hookups in both garages. The Electric bills are next to nothing, saving your tenants money making them easier to rent. At 4 years old these are essentially maintenance free with no capital improvements needed in the foreseeable future. It's a great "Value-Add" opportunity by simply increasing the rents. Most tenants are long term tenants. There is a community common area less than 1 block away, and Subdivision park with trails, basketball and tennis courts, sledding hills, and skate park. Location is near University of Illinois and Parkland College. Leases on file. NOTE: Owner owns a total of 14 units in this SubD. They are willing to bundle and create unique packages. Ask about the other duplexes available. Owner is only selling to completely dissolve their portfolio and heading to retirement.
Location
State IL
County Champaign
Rooms
Basement None
Interior
Heating Electric, Forced Air
Fireplace N
Exterior
Garage Attached
Garage Spaces 4.0
Waterfront false
View Y/N true
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 Sherry Qiang • KELLER WILLIAMS-TREC
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Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 226-4848 | joanna@boutiquehomerealty.com