Listing IDQC4232174
Sold For$450,000
Price Per Sq Ft$80.82
StatusClosed
Sold Date12/19/2022
SqFt
5,568
Acres
0.300
CountyRock Island
SubdivisionNone
Year Built1910
Property TypeResidential Income
Property Sub TypeResidential Income
Fantastic 8 unit bldg. On-site manager, well-maintained. Great condition. Over 200k in improvements since last purchased in '99 to include windows, plumbing, electrical, and roof. All utilities are separated. Building rents easily. Close to downtown Rock Island and Arsenal Bridge. On the bus route. Close to bike path. This is a turn key operation, great cap rate, good tenants. Onsite manager who takes care of light maintenance including snow removal, lawn care, and minor repairs. Laundry on-site and off-street parking. Please see "Associated Docs" for financials. This purchase also includes parcel number 07-36-312-001 (adjacent North lot). Taxes and Approx. Lot Size are for both parcels (07-36-312-001 & 07-36-312-002).
County
Rock Island
Property Sub Type
Residential Income
Property Type
Residential Income
Subdivision
None
Year Built
1910
Basement
Partial
Heating
Forced Air, Gas, Central
Interior Or Room Features
Cable Available
Laundry Features
Common Area, Owned Equipment
Manager Unit Number
2
Number Of Water Heaters
9
Construction Materials
Stucco
Lot Features
Level
Lot Size Dimensions
114'x143'x112'x142'
Manager On Site
yes
Number Of Central Air Units
8
Number Of Electric Meters
9
Number Of Gas Meters
9
Number Of Heating Units
9
Number Of Water Meters
10
Parking Features
Other
Parking Total
20
Roof
Shingle
Structure Type
Two or More Story
Water Source
Public Sewer, Public
100 Year Plain
No
Directions
5th Avenue, S on 27th Street, W. to Property
Elementary School
Longfellow
High School
Rock Island
Middle Or Junior School
Washington
MLS Area Minor
QCARA Area
Additional Parcels Description
07-36-312-001
Address Search Number
510
Agent Is Designated Managing Broker
no
Agent Owned
no
Agent Related To Owner
no
Appointment Phone 2
309-373-0373
Confidential Listing
MLS Listing
Documents Available
Other
Documents Count
4
First Photo Add Date
2022-04-19T14:14:45.4
How Sold
Contract For Deed
Internet Automated Valuation Display YN
yes
Internet Consumer Comment YN
yes
Listing Agreement
Exclusive Right To Sell
Listing Contract Date
2022-04-19T00:00:00+00:00
Listing Visibility Type
MLS Listing
Lvt Date
2022-04-19
Mls Status
Sold
New Construction
no
Number Of Units Total
8
Operating Recording Device
None
Parcel Number
07-36-312-002
Price Per Sq Ft
80.82
Purchase Contract Date
2022-10-21T00:00:00+00:00
Sale Rent
For Sale
Search Price
450000
Soliciting From Buyers
no
Status Change Timestamp
2022-12-19T00:00:00+00:00
Tax Exemptions
None
Tax Legal Description
Outlot 15 Outlot In Sec 36 18N 2W E 139 Ft Of S 60 Ft Of N 124 Ft
Virtually Stage
no
Year Built Source
Public Records
Buyer Agency Compensation
2
Current Financing
Cash Only, Conventional
Disclosed Short Sale
N
Dual Variable Compensation
no
Electric Expense
1314
Gross Income
53330
Gross Scheduled Income
50280
Insurance Expense
2212
Miscellaneous Annual Income
3050
Net Operating Income
41099
Operating Expense
5451
Repossessed
no
Tax Annual Amount
6779.76
Tax Year
2021
Tenant Pays
All Utilities
Trash Expense
1440
Water Sewer Expense
485
© Copyright 2024 RMLS Alliance. All rights reserved. This information is provided for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance. Real estate listings held by brokerage firms other than Keller Williams Realty Greater Quad Cities are marked with the RMLS logo and detailed information about them includes the name of the listing brokers.The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. The offer is made only to Participants of the MLS where the listing is filed
The RMLS data on this page was last updated on Thursday, April 18th, 2024.
Listed by: Keller Williams Greater Quad Cities / Midwest Partners Cell: 309-373-0373
Contact - Listing ID QC4232174
Jerry Wolking
3580 Utica Ridge Road
Bettendorf, IA 52722
Phone: 309-373-0373
Phone Alt: 309-373-0373
Data services provided by IDX Broker
