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301-306 LARSON Court Hillsdale ,
Illinois IL 61257 Status Closed
Sold Date 10/11/2022
SqFt
20,724
Acres
2.450
County Rock Island
Subdivision None
Year Built 1978
Property Type Residential Income
Property Sub Type Residential Income
Description
Get your portfolio recognized with this 5 building, 23 unit listing located in Hillsdale. Just over 2 acres with a new blacktop parking lot, new metal roofs, most units do have central air and a few units have patios or decks. The property also has access to the pond across the street. You'll find a coin operating laundry area with 4 washers and 4 dryers. There is a on-site property manager that maintains the grass, maintenance and etc. The property is on its own well, new just 5 years ago! Access for serious buyers only with 24 hour notice.
Property Type
Residential Income
Property Sub Type
Residential Income
Parking Features
Attached, Other
Parking Total
44
Lot Size Dimensions
See Assoc Docs
Lot Features
Pond/Lake, Level, Water Frontage
County
Rock Island
Subdivision
None
Year Built
1978
Basement
Block, Full, Slab, Unfinished
Heating
Baseboard, Electric, Gas, Hot Water, Central, Gas Water Heater, Window Unit(s)
Laundry Features
Common Area
Number Of Dryers
4
Number Of Refrigerators
23
Number Of Washers
4
Number Of Units Total
23
Structure Type
Apartment Building
Roof
Shingle
Water Source
Private Well, Public Sewer
Road Surface Type
Paved
Number Of Central Air Units
17
Number Of Electric Meters
21
Number Of Gas Meters
2
Number Of Heating Units
17
Number Of Water Heaters
23
Number Of Window Units
12
Number Of Ranges
23
Manager On Site
yes
Directions
From Hwy 88, head on Rt 2 and 92, Right on Main St, Right on Docia Rd, Right on Larson Ct to buildings
High School
Riverdale
100 Year Plain
Yes
MLS Area Minor
QCARA Area
Gross Income
182400
Gross Scheduled Income
182400
Net Operating Income
108675
Lease Term
Variable
Tax Annual Amount
16848.12
Tax Year
2021
Tenant Pays
All Utilities
Operating Expense
56877
Electric Expense
16221
Insurance Expense
12476
Maintenance Expense
7380
Manager Expense
20800
Current Financing
Cash Only, Conventional
Disclosed Short Sale
N
Buyer Agency Compensation
2.4
Dual Variable Compensation
yes
Documents Available
Legal Description, Other
Documents Count
3
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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 Sunday, March 24th, 2024.
Listed by: RE/MAX Concepts rich@thebassfordteam.com