Rockford, IL 61107
$1,155,000
Mark Quesada
Broker / Owner
LIC #475144827
Excellent opportunity to acquire two well-maintained 11-unit apartment building with 21 of 22 units currently occupied. Sold together with 208 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.
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$8,524/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 Philip Williams, Realty One Group Strategies
MLS# MRD12711569 · Pending
History reflects records reported to the MLS and may be incomplete.