About 2 S Seminary Avenue
12.5% Cap Rate! Excellent investment opportunity! Grow your real estate portfolio with this well-maintained and fully occupied 9-unit apartment building featuring six 2-bedroom, 1-bath apartments and three 1-bedroom, 1-bath apartments. This income-producing property offers plenty of off-street parking, on-site laundry facilities, and long-term tenants, providing stable and consistent cash flow from day one. Each unit is all-electric, with tenants responsible for their own electric bills, including heating and cooking, while the landlord pays water, sewer, garbage, and gas for the hot water heater. Every unit includes a stove and refrigerator, and recent improvements include a newer roof, hot water heater, and sump pump. With 100% occupancy and strong rental appeal, this is an outstanding opportunity for investors looking to expand their portfolio and maximize returns.
Features of 2 S Seminary Avenue
| MLS® # | 12728844 |
|---|---|
| Price | $325,000 |
| Bathrooms | 0.00 |
| Acres | 0.36 |
| Year Built | 1929 |
| Type | Commercial Sale |
| Sub-Type | Multi Family 5+ |
| Status | Contingent |
| Taxes | $8,616 |
Community Information
| Address | 2 S Seminary Avenue |
|---|---|
| Area | Mount Morris |
| City | Mount Morris |
| County | Ogle |
| State | IL |
| Zip Code | 61054 |
Amenities
| Is Waterfront | No |
|---|---|
| New Construction | No |
| Has Pool | No |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Fireplace | No |
| Has Basement | No |
Additional Information
| Days on Market | 6 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Wirtz Real Estate Group Inc. |
|---|