$601,200
MLS #: 30422725
Property Photo

Description of 4555 Apple Orchard Ln, Rockford, IL 61108

Apple Orchard Townhomes Portfolio, which consists of 2 buildings totaling 10 Townhome style units all with 3BR 1.5 BA floorplans. Capital improvements worth more that $100K over the past 18mos have significantly increased the asset value. Exterior enhancements include new roofs, siding and gutters on both buildings. landscaping, newly repaired and sealed parking lot, as well as new front/rear exterior entry doors. Interior enhancements include new water heaters in many units, and partial/full renos of units with upgrades such as new appliances, flooring, hardware, LED lighting and 2 tone paint. Since being acquired and professionally managed, the team has been able to add over 20K in GPI and have been able to attain a min of $875 for units with partial remodels and as high as 1K for units with full remodels. The continued execution of the redevelopment plan is scheduled to yield over $108K in GPI, SEE OFFERING MEMORANDUM & PROPOSED LENDING TERMS IN DOCS FROM CBRE/CAPSTONE.

Property Features of 4555 Apple Orchard Ln, Rockford, IL 61108

TYPE
Other
Year Built
1964
Stories
0
Features
Lot acreage is: 0.47 - 0.67 Acres
Lot zoned: R3
Units in building(s): 10
For sale
Courtesy of: Berkshire Hathaway HomeServices CROSBY STARCK Real Estate

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