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Key Details
Sold Price $445,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12171260
Sold Date 10/30/24
Bedrooms 3
Year Built 2014
Annual Tax Amount $11,236
Tax Year 2023
Lot Dimensions 84X220
Property Description
Duplex opportunities available in NW Champaign backing up to the water. 8 have already sold. At only 4 years old, this duplex is bringing in 43,500 in annual rent. Units are currently at. 1800/month one at 1900. 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. Half of these units actually happen to back up to the water, so just great views to enjoy. 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. The 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 Natural Gas, Forced Air
Fireplace N
Exterior
Garage Attached
Garage Spaces 2.0
Waterfront false
View Y/N true
Roof Type Asphalt
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
Elementary Schools Champaign/Middle Call Unit 4 351
Middle Schools Champaign/Middle Call Unit 4 351
High Schools Champaign/Middle Call Unit 4 351
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 Nate Evans • eXp Realty,LLC-Maho
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Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 226-4848 | joanna@boutiquehomerealty.com