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1216 16TH Street Rock Island ,
Illinois IL 61201 Status Closed
Sold Date 3/24/2023
SqFt
2,791
County Rock Island
Subdivision Black Hawk
Year Built 1910
Property Type Residential Income
Property Sub Type Residential Income
Description
Over 12% cap rate! Turnkey investment opportunity! This is an upper and lower conversion that is separately metered. Downstairs has a beautiful decorative fireplace, original woodwork, access to basement with laundry hookups. Both units are advertised as 2 bedrooms but really could be used as 3. In back is a large shed for tenants and a two car garage currently used by owner. there are two water meters but owner pays water. sewer and garbage and includes in rent. Need 24 hour to show. See attached investment analysis.
Property Type
Residential Income
Property Sub Type
Residential Income
Parking Features
Detached, On Street, Parking Pad
Parking Total
4
Lot Size Dimensions
54x121
Lot Features
Level
County
Rock Island
Subdivision
Black Hawk
Year Built
1910
Basement
Full
Heating
Forced Air, Gas, Gas Water Heater
Number Of Refrigerators
1
Number Of Units Total
2
Structure Type
Conversion
Roof
Shingle
Water Source
Public Sewer, Public
Road Surface Type
Alley
Number Of Electric Meters
3
Number Of Gas Meters
2
Number Of Heating Units
2
Number Of Water Heaters
2
Number Of Water Meters
2
Number Of Ranges
2
Manager On Site
no
Directions
12th Ave to 16th St.
High School
Rock Island
100 Year Plain
No
MLS Area Minor
QCARA Area
Gross Income
17400
Gross Scheduled Income
17400
Net Operating Income
14042
Tax Annual Amount
2158
Tax Year
2021
Operating Expense
1200
Water Sewer Expense
1200
Current Financing
Cash Only, Conventional
Disclosed Short Sale
N
Buyer Agency Compensation
2.8
Dual Variable Compensation
yes
Documents Available
None Available
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 Thursday, March 28th, 2024.
Listed by: RE/MAX Concepts mikepezley@remax.net