2507 Sandhutton Avenue, ROCKFORD IL 61108 Photo 1 2507 Sandhutton Avenue, ROCKFORD IL 61108 Photo 2 2507 Sandhutton Avenue, ROCKFORD IL 61108 Photo 3 2507 Sandhutton Avenue, ROCKFORD IL 61108 Photo 4 2507 Sandhutton Avenue, ROCKFORD IL 61108 Photo 5 2507 Sandhutton Avenue, ROCKFORD IL 61108 Photo 6 2507 Sandhutton Avenue, ROCKFORD IL 61108 Photo 7 2507 Sandhutton Avenue, ROCKFORD IL 61108 Photo 8 2507 Sandhutton Avenue, ROCKFORD IL 61108 Photo 9 2507 Sandhutton Avenue, ROCKFORD IL 61108 Photo 10 2507 Sandhutton Avenue, ROCKFORD IL 61108 Photo 11
Listing Courtesy of A C Johnston Realty Inc.
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2507 Sandhutton Avenue - 17-Unit INVESTMENT OPPORTUNITY! Walden Woods is a 52-unit condominium project. Thirty of the units were sold to private owners from 2005 to 2008. The remaining 22 units were committed to a leasing program and have been operated as rental units for over six years. 4 of these units sold in 2018 another in 2019. The remaining 17 units are being offered in a package as an investment opportunity. Unit exterior and interior finishes built to high-quality condominium standards. The condominium association is well managed and its capital reserve account fully funded. Great current return on investment with an excellent history of high occupancy at market rent. Strong employment in the surrounding area. Highly visible location. Main entrance on Harrison Avenue, a major east-west corridor on Rockford's south side. Future potential of selling the units at higher prices to individual homeowners as the housing market improves. Broker Interest

Listing information

  • MLS® ID: 10094728
  • Status: Active
  • New Construction: No
  • Estimated Annual Taxes: $79,631
  • Style: Multi-Family
  • Stories: 1
  • Foreclosure: No
  • County: Winnebago
  • Year Built: 2007
  • Parking Type Description: None 0 cars
  • Lot Size: 84X87X101X101

Features

Approximate Age 7-15 Years
Built Before 1978 (Y/N) No
Franchisor Feed(y/n) No
Heat/Ventilation Central Heat/Indiv Controls
Information No Sign on Property, Non-Disclosure Agreement, Other-See Remarks
Other # Of Units - 18, Electricity Expense - 0, Fuel Expense - 0, Gross Rent Multiplier - 0, Gross Rental Income $ - 0, Insurance Expense - 0, Janitor Expense - 0, Net Oper Income $ - 0, Other Expenses - 0, Repairs-Decor Expense - 0, Scavenger Expense - 0, Tax Year - 2017, Total Annual Exp - 0, Total Annual Income - 0, Total Monthly Income - 0, Township - Rockford, Water Expense - 0, Zoning Type - Multi
Property Type Multi Family 5+
Tenant Pays Air Conditioning, Electric, Heat, Water/Sewer
Type Multi-Family Condo/Townhouse
Listing Courtesy of A C Johnston Realty Inc.