Well-Maintained All-Brick Four-Family Investment Property - Excellent investment opportunity featuring a solid all-brick ranch-style four-family building. Each unit offers 1 bedroom and 1 bathroom with access to a full basement providing individual storage areas and washer/dryer hookups. The property features off-street parking with convenient access from both Halsted Road and Canterbury Lane. Long-term tenants have occupied the building, reflecting the property's stability and desirability. The building has been well maintained. Tenants responsible for their own gas and electric service. The owner currently pays for water, sewer, and garbage services. Current rental income includes three units rented at $625 per month and one unit rented at $700 per month, generating a gross monthly income of $2,575 and a gross annual income of $30,900. A strong income-producing property with stable tenancy, separate utilities, low-maintenance brick construction, and reliable cash flow for investors.
Listed By
Agency Name: Berkshire Hathaway HomeServices Starck RE
Shown By
Agency Title: Gambino Realtors
Agency Phone: 815-282-2222
Estimated Payment
$ 1,410.99 per month $998.85 Principal & Interest $348.00 Property Tax $64.14 Homeowner's Insurance
2611 Canterbury Lane | MLS# 202603276
This multi-family property located at 2611 Canterbury Lane, Rockford, IL 61101 is currently listed for sale with an asking price of $219,900. Canterbury Lane is located within the Rockford 205 school district. Search Rockford real estate on www.gogambino.com today.