$267,500
$262,500
1.9%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
0.41 Acres Lot
SOLD DATE : 05/24/2022
Key Details
Sold Price $267,500
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11308697
Sold Date 05/24/22
Style Ranch
Bedrooms 8
Year Built 1967
Annual Tax Amount $4,301
Tax Year 2020
Lot Size 0.410 Acres
Lot Dimensions 119 X 150
Property Description
I'm presenting an opportunity to buy a multi-family facility in a quaint little farming community called Thomasboro, which is just 11 miles north of Champaign, IL. Each building is a 4-plex for a total of 8 units (Please see the separate listing for 302 S. John as well). The exterior of both buildings appear to be in solid shape at a cursory glance. The flooring of most of the units have been replaced as units have turned over. Unit #3 has lived there prior to the owner purchasing it so there have been no upgrades to that unit. Each unit is 1,000 square feet and offers two bedrooms, one bathroom, kitchen & living room. Each unit also offers washer/dryer hookups. Many of the water heaters are newer. Several refrigerators and AC units have also been replaced since the owners purchased the portfolio. Stoves & refrigerators convey with the property. Washer/Dryer's are owned by the tenants. Tenants pay their own water, garbage, electric/gas, cable, internet, etc. RENT HAS NOT BEEN RAISED IN 8 YEARS!!! Here is an opportunity to immediately capture some value-add.
Location
State IL
County Champaign
Rooms
Basement None
Interior
Heating Baseboard
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
Elementary Schools Thomasboro Elementary School
Middle Schools Thomasboro Junior High School
High Schools Rantoul City District
School District 130, 130, 137
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with Brandon Moore • RE/MAX Choice
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "