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Quincy,IL 62301
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 2,617 sqft
Price per Sqft $61
MLS Listing ID CA1034909
Annual Tax Amount $2,981
Tax Year 2024
Lot Dimensions 40x156
Property Sub-Type Residential Income
Source rmlsa
Property Description
Investment property showing a strong 16.22% Cap Rate, 6.22% higher than the national average. 5-unit complex near downtown, the Hospital, gourmet coffee shop and other retail stores. Current owner built out Unit #E that was not previously habitable, 3 additional units have been painted (1 unit has a long term tenant), New vinyl flooring in 2 units. Off street parking behind building. As units become vacant, owner won't be filling them. Leaving an option for new owners to make changes, if they choose to. Current owner has received $2600 in monthly gross rents during the past year when fully occupied, minimal delinquency and short turnovers when vacancies occur. 24 hours notice is required for showings. Being sold as is.
Location
State IL
County Adams
Area Quincy
Zoning R3
Direction West on Broadway to 8th Street, turn North on 8th. Home on West Side.
Rooms
Basement Full,Unfinished
Interior
Heating Baseboard,Electric,Electric Water Heater
Cooling None
Fireplace N
Laundry None
Exterior
View true
Roof Type Metal,Shingle
Street Surface Alley Paved,Paved
Total Parking Spaces 5
Garage 1
Building
Lot Description Level
Faces West on Broadway to 8th Street, turn North on 8th. Home on West Side.
Unit Features [{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":550,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1382353Group_1\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":525,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1382353Group_2\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 3\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":425,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1382353Group_3\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 4\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":550,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1382353Group_4\"}]
Foundation Stone
Water Public Sewer,Public
Structure Type Brick
New Construction false
Schools
High Schools Quincy School District #172
Others
Tax ID 235043200000