531 N Luther Drive, Byron IL 61010 Photo 1 531 N Luther Drive, Byron IL 61010 Photo 2 531 N Luther Drive, Byron IL 61010 Photo 3 531 N Luther Drive, Byron IL 61010 Photo 4 531 N Luther Drive, Byron IL 61010 Photo 5 531 N Luther Drive, Byron IL 61010 Photo 6 531 N Luther Drive, Byron IL 61010 Photo 7 531 N Luther Drive, Byron IL 61010 Photo 8 531 N Luther Drive, Byron IL 61010 Photo 9 531 N Luther Drive, Byron IL 61010 Photo 10
Listing Courtesy of Bird Realty

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531 N Luther Drive - This multifamily building features four 2 bedroom, 1 bath units. This multifamily building is offered for sale as a package of 8 rental properties in Byron, IL. Excellent rental history with a total of 9 buildings and 48 total units. Cap rate for this package is just over 10%. Extremely well maintained buildings with long term renters. Amazing investment opportunity in an upscale small town setting. Sold as a package - buildings will not be separated.

Listing information

  • MLS® ID: 10594179
  • Beds: 8
  • Stories: 0
  • Foreclosure: No
  • Style: Multi-Family
  • Status: Active
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $6,224
  • Year Built: 1985
  • Total Rooms: 16
  • New Construction: No
  • County: Ogle

Features

Age 31-40 Years
Appliances/Features Unit 1 Refrigerator, Stove
Appliances/Features Unit 2 Refrigerator, Stove
Appliances/Features Unit 3 Refrigerator, Stove
Appliances/Features Unit 4 Refrigerator, Stove
Area Byron
Basement None
Basement Bathrooms (Y/N) No
Basement Description None
Built Before 1978 (Y/N) No
Exterior Building Type Brick
General Information None
Heat/Fuel Electric
Lot Size .25-.49 Acre
Other # Full Baths in Building - 4, # Full Baths-Unit 1 - 1, # Full Baths-Unit 2 - 1, # Full Baths-Unit 3 - 1, # Full Baths-Unit 4 - 1, # Half Baths in Building - 0, # Half Baths-Unit 1 - 0, # Half Baths-Unit 2 - 0, # Half Baths-Unit 3 - 0, # Half Baths-Unit 4 - 0, # Of Bdrms - Unit 1 - 2, # Of Bdrms - Unit 2 - 2, # Of Bdrms - Unit 3 - 2, # Of Bdrms - Unit 4 - 2, # Of Rooms - Unit 1 - 4, # Of Rooms - Unit 2 - 4, # Of Rooms - Unit 3 - 4, # Of Rooms - Unit 4 - 4, Bedrooms (Below Grade) - 0, Floor # - Unit 1 - 1, Floor # - Unit 2 - 1, Floor # - Unit 3 - 1, Floor # - Unit 4 - 1, Gross Expenses $ - 700, Gross Rental Income $ - 30000, Insurance $ - 2220, Net Oper Income $ - 17918, Special Service Area - N, Tax Year - 2018, Total # Units in Building - 4, Total Full/Half Baths - 4, Township - Byron
Ownership Fee Simple
Parking Space/s
Parking On-Site Yes
Parking Ownership Owned
Possession Closing
Property Type Two to Four Units
Recent Rehab (Y/N) No
Sewer Sewer-Public
Special Assessments N
Tenant Pays - Unit 1 Electric
Tenant Pays - Unit 2 Electric
Tenant Pays - Unit 3 Electric
Tenant Pays - Unit 4 Electric
Type-Multi 1 Story Unit/s
Virtual Tour None
Water Public
Waterfront (Y/N) No

Rooms

Bedroom 2 xx
Bedroom 3 xx
Bedroom 4 xx
Dining Room xx
Family Room xx
Kitchen xx
Laundry Room xx
Living Room xx
Master Bedroom xx
Other xx
Other xx
Other xx
Other xx
Other xx
Other xx
Other xx
Other xx
Other xx
Other xx
Listing Courtesy of Bird Realty