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196 Flintridge Drive Rockford, IL 61107 • Multi Unit - Multiple • New

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  • 196 Flintridge Drive , Rockford, IL 61107 Main Photo

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Description

Excellent opportunity to acquire two well-maintained 11-unit apartment building with 21 of 22 units currently occupied. 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.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Winnebago
Listed By:
Realty One Group Strategies 779-772-0744
MRED MLS
$2,310,000
Est. $15,418/mo
New to the Market New
BEDS0 BATHS MLS#12711569
STATUSNew PROPERTY TYPEMulti Unit - Multiple
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Jennifer Peters
 (563) 723-1128

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196 Flintridge Drive , Rockford, IL 61107.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $2,310,000$2,310,000$2,310,000
Down Payment $80,850$0$462,000
Monthly Mortgage Amount $13,965$14,529$11,529
Taxes $3215$3215$3215
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $1,386$0$0
Monthly Estimated Total $19,240$18,418$15,418

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