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510 27TH Street Rock Island ,
Illinois IL 61201 Status Closed
Sold Date 12/19/2022
SqFt
5,568
Acres
0.300
County Rock Island
Subdivision None
Year Built 1910
Property Type Residential Income
Property Sub Type Residential Income
Description
Fantastic 8 unit bldg. On-site manager, well-maintained. Great condition. Over 200k in improvements since last purchased in '99 to include windows, plumbing, electrical, and roof. All utilities are separated. Building rents easily. Close to downtown Rock Island and Arsenal Bridge. On the bus route. Close to bike path. This is a turn key operation, great cap rate, good tenants. Onsite manager who takes care of light maintenance including snow removal, lawn care, and minor repairs. Laundry on-site and off-street parking. Please see "Associated Docs" for financials. This purchase also includes parcel number 07-36-312-001 (adjacent North lot). Taxes and Approx. Lot Size are for both parcels (07-36-312-001 & 07-36-312-002).
Property Type
Residential Income
Property Sub Type
Residential Income
Parking Features
Other
Parking Total
20
Lot Size Dimensions
114'x143'x112'x142'
Lot Features
Level
County
Rock Island
Subdivision
None
Year Built
1910
Basement
Partial
Heating
Forced Air, Gas, Central
Interior Or Room Features
Cable Available
Laundry Features
Common Area, Owned Equipment
Number Of Units Total
8
Structure Type
Two or More Story
Roof
Shingle
Water Source
Public Sewer, Public
Number Of Central Air Units
8
Number Of Electric Meters
9
Number Of Gas Meters
9
Number Of Heating Units
9
Number Of Water Heaters
9
Number Of Water Meters
10
Manager On Site
yes
Directions
5th Avenue, S on 27th Street, W. to Property
Elementary School
Longfellow
Middle Or Junior School
Washington
High School
Rock Island
100 Year Plain
No
MLS Area Minor
QCARA Area
Gross Income
53330
Gross Scheduled Income
50280
Miscellaneous Annual Income
3050
Net Operating Income
41099
Tax Annual Amount
6779.76
Tax Year
2021
Tenant Pays
All Utilities
Operating Expense
5451
Electric Expense
1314
Insurance Expense
2212
Trash Expense
1440
Water Sewer Expense
485
Current Financing
Cash Only, Conventional
Disclosed Short Sale
N
Buyer Agency Compensation
2
Dual Variable Compensation
no
Documents Available
Other
Documents Count
4
© Copyright 2023 RMLS Alliance. All rights reserved. This information is provided for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance. Real estate listings held by brokerage firms other than WHY USA Schramm and Associates are marked with the RMLS logo and detailed information about them includes the name of the listing brokers.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. The offer is made only to Participants of the MLS where the listing is filed
The RMLS data on this page was last updated on Thursday, February 2nd, 2023.
Listed by: Keller Williams Greater Quad Cities / Midwest Partners Cell: 309-373-0373
© Copyright 2023 RMLS Alliance. All rights reserved. This information is provided for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance. Real estate listings held by brokerage firms other than WHY USA Schramm and Associates are marked with the RMLS logo and detailed information about them includes the name of the listing brokers.
