$310,000
Was $350,000
MLS #: 29644600
Property Photo
5,350 Sq Ft

Description of 4777 E STATE STREET, UNITS 9,10 & 12, Rockford, IL 61108

INVESTMENT OPPORTUNITY - TWO UNITS CURRENTLY LEASED.-- UNIT 10 (2,400SF) AND UNIT 12 (1,950SF) OCCUPIED BY REGIONAL "HELP AT HOME" AGENCY HAVING A FIVE YEAR LEASE AS OF JUNE 01, 2016 WITH 2 - 5 YEAR RENEWABLE OPTIONS; THIRD UNIT# 9 (1,000 SF) AND AVAILABLE AS OF 9/1/16-- THIS UNIT WAS RENTED FOR $1070 GROSS; AVERAGE ANNUAL NET OPERATING INCOME $27,652.00 FROM UNITS 10 AND 12. IDEAL FOR END USER FOR THE 1,000 S/F AS AN INVESTMENT -- PAY FOR THE MORTGAGE AND HAS POSITIVE CASH OVER $1,600 ANNUALLY. TOTAL SIZE 5,350S/F. LOCATED JUST EAST OF ALPINE ROAD ON THE SOUTH SIDE WITH E. STATE STREET. EXPOSURE. GREAT LOCATION ON ONE OF THE MOST HEAVILY TRAVELED STREET IN AREA.

Property Features of 4777 E STATE STREET, UNITS 9,10 & 12, Rockford, IL 61108

TYPE
Executive Suites, Medical
Year Built
1985
Stories
0
Features
Lot zoned: C2
Total square feet: 5,350 SF
For sale

Homes for Sale Nearby 4777 E STATE STREET, UNITS 9,10 & 12, Rockford, IL 61108

Recent Sales Nearby 4777 E STATE STREET, UNITS 9,10 & 12, Rockford, IL 61108



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