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1600 9th St 2 Unit Apartment Building $111,534 CAD ($55,767 CAD/Unit) 12.25% Cap Rate Rock Island, IL 61201
INVESTMENT HIGHLIGHTS
- Awesome Investment!
- Will easily rent for $700+ each!!!
- Sold at a discount!!!
- Separate Electric and Gas meters!!
- Tons of rental demand in the area!!
EXECUTIVE SUMMARY
Fullscreen
Slideshow image 1Slideshow image 2Slideshow image 3
Internal Description
FULLY OCCUPIED and TURNKEY
Rents at $800 and $700
All renovations complete, code violation lifted. GREAT INVESTMENT!!
Property Description
FANTASTIC DUPLEX!!!
Fully occupied and turnkey!!! Downstairs 2bed unit rents at $800 and upstairs 1bed unit rents at $700!!! All repairs are done, building is up to code!! Tenants pay electric!! BRAND NEW BASEBOARD HEATING!!! PROPERTY GENERATES A 15%+ NET RETURN ON INVESTMENT!!! We have done all the work, so you do not have to! Will not last!!!
Property management and financing is available!!!
Slideshow image 1Slideshow image 2Slideshow image 3
Internal Description
FULLY OCCUPIED and TURNKEY
Rents at $800 and $700
All renovations complete, code violation lifted. GREAT INVESTMENT!!
Property Description
FANTASTIC DUPLEX!!!
Fully occupied and turnkey!!! Downstairs 2bed unit rents at $800 and upstairs 1bed unit rents at $700!!! All repairs are done, building is up to code!! Tenants pay electric!! BRAND NEW BASEBOARD HEATING!!! PROPERTY GENERATES A 15%+ NET RETURN ON INVESTMENT!!! We have done all the work, so you do not have to! Will not last!!!
Property management and financing is available!!!
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Hardwood Floors
- Carpet
- Yard
- Basement
- Lawn
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $1,117 CAD | - |
| 1+1 | 1 | $977.14 CAD | - |
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1600 9th St
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