Description
Check out this 4-unit investment property situated on a corner lot on North Main Street in Urbana. All units are rented and brings in $2,260 per month in rental income. Each tenant pays for the utility costs, except the water. The owner pays the water bill which averages $90 per month. Apt A is a first-floor unit with 1 bedroom, 1 bath, gas furnace, washer & dryer hook up and rents for $475.00 per month with a $475.00 deposit. Apt B is a first-floor unit with 2 bedrooms, 1 bath, gas furnace and rents for $675.00 with a $675.00 deposit. Apt C is a second-floor unit with 2 bedrooms, 1 bath, gas furnace and rents for $525.00 per month with a $525.00 deposit. The last unit is a first-floor studio with a full bath, electric baseboard heat, washer and dryer hook up (washer and dryer stay) and this unit rents for $585.00 per month with a $585.00 deposit. The range and refrigerator in each unit conveys with the property. Owner pays for trash pick up at a cost of $83.00 monthly. The brick apartment building has a covered front porch and off-street parking. Looking for an investment property to add to your portfolio or just starting out, be sure to check this one out.
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5BEDS
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0.45ACRES
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4BATHS
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01/2 BATHS
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3,262SQFT
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$69$/SQFT
Description
Check out this 4-unit investment property situated on a corner lot on North Main Street in Urbana. All units are rented and brings in $2,260 per month in rental income. Each tenant pays for the utility costs, except the water. The owner pays the water bill which averages $90 per month. Apt A is a first-floor unit with 1 bedroom, 1 bath, gas furnace, washer & dryer hook up and rents for $475.00 per month with a $475.00 deposit. Apt B is a first-floor unit with 2 bedrooms, 1 bath, gas furnace and rents for $675.00 with a $675.00 deposit. Apt C is a second-floor unit with 2 bedrooms, 1 bath, gas furnace and rents for $525.00 per month with a $525.00 deposit. The last unit is a first-floor studio with a full bath, electric baseboard heat, washer and dryer hook up (washer and dryer stay) and this unit rents for $585.00 per month with a $585.00 deposit. The range and refrigerator in each unit conveys with the property. Owner pays for trash pick up at a cost of $83.00 monthly. The brick apartment building has a covered front porch and off-street parking. Looking for an investment property to add to your portfolio or just starting out, be sure to check this one out.
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