BEDS0
BATHS
SQUARE FEET10,940
MLS#202604567
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLRockford 205
Property Description
Excellent opportunity to acquire two well-maintained 11-unit apartment building with 21 of 22 units currently occupied. Sold together with 196 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 are 2 Bedroom 1 Bathroom. PRICE IS PER BUILDING. 2.31M for both 196 and 208.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall Unit
Heating: Hot Water/Steam
Home Style: 5+ Units
Roof Type: Shingle
Taxes: $17,000
Appliances
Refrigerator
Oven
Feature Descriptions
Exterior: Brick/Stone
General Features: Additional Parking
Separate Utilities: Yes
Sewer: City
Water: City
Local Schools
School District: Rockford 205
Listed By / Shown By
Listed By
Agency Name: Realty One Group Strategies
Shown By
Agent Name: Miguel Lobato
Agent Phone: (815) 494-7905
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 6,999.91 per month $5,246.37 Principal & Interest $1,416.67 Property Tax $336.88 Homeowner's Insurance
208 Flintridge Drive | MLS# 202604567
This multi-family property located at 208 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 mlobato.gogambino.com today.