1001 14th Street, Silvis, IL

$249,900

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6

Beds

0.22

Acres

About 1001 14th Street

Turnkey investment opportunity! This well-maintained triplex has been proudly owned by the same family since 1977 and offers immediate cash flow with all three 2-bedroom, 1-bath units fully rented. Current rental income totals $2,600 per month, with rents of $800, $800, and $1,000. Tenants pay their own gas and electric, helping minimize owner expenses. One tenant has called the property home for 22 years, demonstrating the property's long-term rental appeal and stability. Two of the three units (1001 & 10011/2) have been thoughtfully updated with new windows, flooring, bathrooms, paint, and more, while the third unit offers the opportunity for future updates and additional value. Amenities include coin-operated laundry, private 3' x 5' basement storage areas for each tenant, and one off-street parking space per unit. Major improvements include a new roof and gutters (2020), new water heater (2023), new sump pump (2024), and new electric meters for each unit. Heat is provided by a boiler system with window A/C units. This solid, income-producing property combines decades of pride of ownership, numerous capital improvements, dependable long-term tenancy, and immediate cash flow-making it an outstanding addition to any investment portfolio. "all information is estimated and should be fully verified by buyers and buyers agents for full accuracy" Can be sold as a package with MLS 12716005

Features of 1001 14th Street

MLS® # 12716027
Price $249,900
Bedrooms 6
Bathrooms 0.00
Acres 0.22
Year Built 1977
Type Residential Income
Sub-Type Two to Four Units
Status Active
Taxes $4,472

Community Information

Address 1001 14th Street
Area Silvis
City Silvis
County Rock Island
State IL
Zip Code 62182

Amenities

Parking Spaces 3
Parking Off Street
Is Waterfront No
New Construction No
Has Pool No

Interior

Heating Steam
Fireplace No
Has Basement Yes
Basement Unfinished, Partial

Exterior

Exterior Brick
Lot Description Level
Roof Asphalt
Foundation Concrete Perimeter

School Information

District 30

Additional Information

Days on Market 7
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeQC Reserve - Real Broker, LLC

Listing Map

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