902 Linden St, Delavan, IL
12.95% return
SP:
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Property Description

Amazing investment!! Great curb appeal! 

8 units in IL. High quality construction. Separate electric meters. On-site coin laundry. The residents of this community enjoy the amenities of rural living but in close proximity to the bigger city life. Just five miles from I-155 and less than 60 miles driving distance to the larger central Illinois cities of Peoria, Bloomington and Springfield. Property will generate a 12.95% net return on investment!! 

Property managment and financing available!

Property Information

  • Listing statusActiveC
  • Property typeMulti Family
  • Total units8
  • Total bedrooms8
  • Total bathrooms8
  • Building size7874 sq. ft.
  • Lot size1.0 acres
  • Year built1996
  • CountyTazewell County
  • SubdivisionHall & Lafevers Add
  • ConstructionBrick
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWindow Unit
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $285,000
  • Estimated rehab 1 $0
  • Total investment $285,000
  • Type Proforma
  • Gross income (annually) $54,560
  • Operating expenses (annually) $17,651
  • Net income (annually) $36,909
  • Gross return 19.14%
  • Gross income (monthly) $4,547
  • Operating expenses (monthly) $1,471
  • Net income (monthly) $3,076
  • Net return 12.95%

Property Income & Expenses

  • Income
  • Laundry Income $347/month $4,160/year
  • Unit 1: 1 bed / 1 bath $525/month $6,300/year
  • Unit 2: 1 bed / 1 bath $525/month $6,300/year
  • Unit 3: 1 bed / 1 bath $525/month $6,300/year
  • Unit 4: 1 bed / 1 bath $525/month $6,300/year
  • Unit 5: 1 bed / 1 bath $525/month $6,300/year
  • Unit 6: 1 bed / 1 bath $525/month $6,300/year
  • Unit 7: 1 bed / 1 bath $525/month $6,300/year
  • Unit 8: 1 bed / 1 bath $525/month $6,300/year
  • Total $4,547/month $54,560/year
  • Expenses
  • Property Taxes $764/month $9,167/year
  • Property Management $388/month $4,656/year
  • Maintenance reserve $194/month $2,328/year
  • Insurance (estimated) $100/month $1,200/year
  • Lawn care $25/month $300/year
  • Total $1,471/month $17,651/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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