Urbana, IL 61801
$529,000
Mark Quesada
Broker / Owner
LIC #475144827
Turnkey, updated, and fully rented 7-unit investment opportunity!! Five of the units are spacious townhouse-style 2-bedroom layouts featuring 1.5 bathrooms and generous living space. All units offer great natural light and functional flow. These bi-level townhome-style units rent easily, have smooth turnover, and include central air and designated parking. The property features 5 covered parking spaces plus 2 additional off-street spots. There is also a basement common area with designated spaces for laundry units along with tenant storage. Potential for increased rental income with HACC vouchers offering 2-bedroom units up to $1,122 and 1-bedroom units up to $934, creating a total potential cash flow of $7,854/month. Tenants pay their own gas, electric, and water, helping maximize returns. This conscientious owner has invested approximately $100,000 in improvements, including a new roof, multiple HVAC systems, and extensive unit renovations. A full list of upgrades is available in additional documents. Fully rented and meticulously maintained, this is a rare opportunity to step into immediate cash flow from day one!
Adjust the numbers to explore the cost of this home. Nothing is saved.
$3,976/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
Pick a day and time — Mark will confirm your private tour.
Listed by Judy Fejes, Coldwell Banker R.E. Group
MLS# MRD12605088 · Active
History reflects records reported to the MLS and may be incomplete.