65 Locust Street, Galesburg, IL 61401

$1,200,000

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List Price
$1,200,000
MLS#
PA1271383
Status
ACTIVE
County
Knox
City
Galesburg
Region
PAAR Area
Subdivision
Hayner

Property Description

Excellent multi family investment in this 24-unit, fully leased complex in Galesburg, Illinois. Competitively priced at $50,000/unit, each of the six buildings has 4 units with 12 two bedroom and 12 three bedroom (some with 1.5 bathrooms) units averaging 1,100 SF. Each unit is allocated at least 2 parking spots with carports available for most units. There is a 2 stall garage on site for maintenance and/or owner use. These desirable units provide space for tenants of all types - professionals, families and those working from home needing dedicated office spaces. Roofs, ACs, and heat pumps were all updated within the past 5 years. Units have been renovated with flooring, cabinetry, windows and bathroom remodels as they've been turned. Tenants pay electric and owners pay water/sewer/garbage. Rent roll, expenses, photos of additional units and a video walkthrough of units are available on request. See also MLS #PA1270916.

Additional Information

Taxes
$21,513
Year Built
1971
Roof
Shingle
Exterior
Vinyl Siding
Water/Sewer
Public Sewer
Parking Spaces
48
High School
Galesburg

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Listing courtesy of Listing Agent: Justin Ball (justinashbyball@gmail.com) from Listing Office: RE/MAX Traders Unlimited.