509 3rd AVE Active Save Request In-Person Tour Request Virtual Tour
Sterling,IL 61081
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12121158
Bedrooms 4
Year Built 1900
Annual Tax Amount $1,594
Tax Year 2023
Lot Dimensions 50X135
Property Description
Great cash flow property with a turn key investment. The property is a 2-story triplex is in a great neighborhood with units consisting of a two bedroom, one bedroom, and a studio. The studio was completely renovated in 2019, giving it a modern and updated feel. The property features a new roof installed in 2018 and new windows added in 2021, ensuring good insulation and protection from the elements. It also boasts a large porch at the front and a rear screened-in porch, providing extra space for tenants to enjoy. Additionally, there is a three-car garage that can be rented out for added income. The original woodwork adds charm and character to the units, attracting high-quality tenants who appreciate quality craftsmanship. Tenants are responsible for taking care of the landscaping, which can save on maintenance costs. The property commands impressive rent rates due to its desirable features and excellent condition. Rents are 1000.00, 730.00 and 750.00. Two of the tenants are 60+ yr old sisters that have lived in the two bed and one bed for over 15 yrs. Spacious main floor, 2 bedroom, 1 bathroom. Second floor has 1 bedroom, 1 bathroom apartment and furnished studio apartment. Landlord pays all utilities. Average $500 per month. Current tenants are Month to Month. Don't miss out on this amazing income generating opportunity!
Location
State IL
County Whiteside
Area Sterling
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas,Forced Air
Fireplace N
Exterior
Garage Detached
Garage Spaces 3.0
Community Features Curbs,Street Lights,Street Paved
Waterfront false
Roof Type Asphalt
Building
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 5 ,5, 5
Others
Ownership Fee Simple
Special Listing Condition None