Mary Schoon
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
This well-maintained six-unit multifamily property has been extensively improved through proactive ownership and ongoing capital investments. Significant upgrades include building-wide ventilation improvements, electrical repairs, plumbing enhancements, water heater replacement, heating system repairs, and common area maintenance. Several units have been renovated following tenant turnover, including interior updates, painting, safety upgrades, and mechanical improvements. Additional investments include the installation of new sump pumps, smoke and carbon monoxide detectors, and various preventative maintenance projects designed to improve long-term reliability and tenant satisfaction. The property has been professionally maintained with a focus on preserving the building's infrastructure while minimizing deferred maintenance. Recent improvements to major building systems help reduce near-term capital expenditure needs and provide confidence for future ownership. With stable occupancy, consistent rental income, and numerous recent upgrades, this property offers investors a turnkey opportunity with strong cash flow potential and long-term value. The combination of recent capital improvements, maintained building systems, and reliable tenancy makes this an attractive addition to any multifamily portfolio.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Lake
Listed By:
Listing Leaders Northwest, Inc
219-961-5478
MRED MLS
MLS ID: 12676164
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2717 Galilee Avenue, Zion, IL 60099.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $499,000 | $499,000 | $499,000 |
| Down Payment | $99,800 | $17,465 | $124,750 |
| Monthly Mortgage Amount | $2,426 | $2,977 | $3,083 |
| Taxes | $694 | $694 | $694 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $220 | $0 |
| Monthly Estimated Total | $3,266 | $4,037 | $3,923 |
Mary Schoon
REALTOR®
Cell: (309) 737-4793
Other: (309) 737-4793
Licensed in IA & IL
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
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