toacquire a fully stabilized 6-unit furnished rental property with consistent occupancy, strong income performance, and a well-established reputation. This property operates as a successful mid-term rental portfolio catering to travel professionals andextended-stay tenants, generating approximately $115,200 in effective gross income and an estimated Net OperatingIncome of $100,680. All units are fully furnished, consistently occupied, and supported by excellent tenant reviews,reflecting the quality and care put into the property. Well-maintained and professionally managed, this asset offers a trueturnkey, plug-and-play investment with immediate cash flow. Excellent reviews and strong tenant satisfaction. Well-keptproperty with ongoing maintenance. Fully furnished units included in sale. Proven occupancy history Strong demand fromtravel and mid-term renters. Efficient operating expenses. This is a rare opportunity to acquire a high-performing, income-producing asset with both stability and reputation already in place. This property is being sold as a package deal along with718 Seminary Street and 722 Seminary Street. Sold as package deal $960,000
Listed By
Agency Name: Gambino Realtors Home Builders
Agency Phone: 815-282-2222
Agent Name: Jay Dowthard
Estimated Payment
$ 1,717.62 per month $1,453.54 Principal & Interest $170.75 Property Tax $93.33 Homeowner's Insurance
718 Seminary Street | MLS# 12611739
This multi-family property located at 718 Seminary Street , Rockford, IL 61104 is currently listed for sale by Gambino Realtors Home Builders, with an asking price of $320,000. Seminary Street is located within the District 205 school district. Search Rockford real estate on www.gogambino.com today.