4878 Creekview Road, ROCKFORD IL 61108 Photo 1 4878 Creekview Road, ROCKFORD IL 61108 Photo 2 4878 Creekview Road, ROCKFORD IL 61108 Photo 3 4878 Creekview Road, ROCKFORD IL 61108 Photo 4 4878 Creekview Road, ROCKFORD IL 61108 Photo 5 4878 Creekview Road, ROCKFORD IL 61108 Photo 6 4878 Creekview Road, ROCKFORD IL 61108 Photo 7 4878 Creekview Road, ROCKFORD IL 61108 Photo 8 4878 Creekview Road, ROCKFORD IL 61108 Photo 9 4878 Creekview Road, ROCKFORD IL 61108 Photo 10 4878 Creekview Road, ROCKFORD IL 61108 Photo 11 4878 Creekview Road, ROCKFORD IL 61108 Photo 12 4878 Creekview Road, ROCKFORD IL 61108 Photo 13 4878 Creekview Road, ROCKFORD IL 61108 Photo 14 4878 Creekview Road, ROCKFORD IL 61108 Photo 15 4878 Creekview Road, ROCKFORD IL 61108 Photo 16 4878 Creekview Road, ROCKFORD IL 61108 Photo 17
Listed by Gerard DuMelle of CENTURY 21 Affiliated 815-397-7700

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4878 Creekview Road - Well Maintained 8 unit Apartment Building. Build backs up to wooded area. Building is situated at the end of a Court. Rents are low for area. Many updates Roof, Siding, AC Units, Some windows and doors replaced, most appliances replaced. Hallways renovated in March 2015 Paint, Flooring, ext. Several Updated Kitchens. Clean Dry storage units in basement for each unit. Newly updated Electrical to bring up to code. Tenants each pay for own utilities. Building owner provides Water, Sewer and Garbage. Cap Rate of 9.35% Based on P Income of $56,400 - Total estimated expenses of $28,044 = NOI of $28,356. $300,000 List Price (5.32 Gross Rent Multiplier)

Listing information

  • MLS® ID: 09482544
  • Year Built: 1972
  • Parking Type Description: None 0 cars
  • Lot Area: 0.37
  • County: Winnebago
  • Property ID: 104001742
  • Status: Active with Contingency
  • New Construction: No
  • Lot Size: 129X61X40X78X19X135X26
  • Style: Multi-Family
  • Stories: 2
  • Foreclosure: No
  • Estimated Annual Taxes: $11,517

Features

Air Conditioning Window Unit/s
Approximate Age 36-50 Years
Assessment Includes None
Basement Description Finished, Other
Built Before 1978 (Y/N) Yes
Construction Wood Frame
Contingency Flag Attorney/Inspection
Current Use Residential-Multi-Family
Electrical Service 240V Power, Circuit Breakers, Separate Meters
Exterior Building Type Brick, Vinyl Siding
Fire Protection Fire Extinguisher/s, Smoke or Fire Protectors
Foundation Concrete
Franchisor Feed(y/n) No
Frontage/Access City Street
Fuel Expense Source Actual
Heat/Ventilation Baseboard, Electric, Separate Per Unit
Information Listing Agent Must Accompany, None
Land Amenities Lighting/Exterior
Misc Inside Storage Inside
Misc Outside Balcony/ies, Enclosed Stairs
Other # Of Dryers - 0, # Of Ranges - 8, # Of Refrigs - 8, # Of Units - 8, # Of Washers - 0, # Of Window/Ac - 8, Approx Total Bldg Sq Ft - 8136, Electricity Expense - 1026, Expense Year - 2016, Fuel Expense - 954, Green Supporting Documents - N, Gross Rent Multiplier - 5.32, Gross Rental Income $ - 56400, Insurance Expense - 2000, Janitor Expense - 2228, Net Oper Income $ - 28356, Net Operating Income Year - 2017, Other Expenses - 3931, Repairs-Decor Expense - 2510, Scavenger Expense - 858, Tax Year - 2015, Total Annual Exp - 28044, Total Annual Income - 48280, Total Monthly Income - 3850, Township - Rockford, Water Expense - 3000, Zoning Type - Multi
Outdoor Parking 13-18 Spaces, 6-12 Spaces
Owners Assoc (Y/N) No
Ownership Type Limited Liability Corp
POSSESSION Closing
Property Type Multi Family 5+
Roof Coverings Shingle Composition
Roof Structure Gable
Tenant Pays Air Conditioning, Electric, Heat
Type Multi-Family Corridor-Exterior Entrance, Corridor-Interior Entrance
Unincorporated (Y/N) No
Utilities To Site Sanitary Sewer to Site, Water-Municipal
Washer/Dryer Lsd (Y/N) Yes
Listed by Gerard DuMelle of CENTURY 21 Affiliated 815-397-7700