IL > Quincy
Quincy, IL 62301,429 N 8TH ST
Quincy, IL 62301,429 N 8TH ST
Quincy, IL 62301,429 N 8TH ST
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Listed by Mel Couch • Davis & Associates, REALTORS
$159,900
Est. payment /mo
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2,617 SqFt
Price Dropped by $5K

429 N 8TH ST Quincy, IL 62301

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Bianca Abbott

Bianca Abbott

+1(563) 676-5518

UPDATED:

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

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Bianca Abbott

Bianca Abbott

Agent | License ID: 71303000 / 475.211226

+1(563) 676-5518

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429 N 8TH ST

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