Over 12% cap rate! Turnkey investment opportunity! This is an upper and lower conversion that is separately metered. Downstairs has a beautiful decorative fireplace, original woodwork, access to basement with laundry hookups. Both units are advertised as 2 bedrooms but really could be used as 3. In back is a large shed for tenants and a two car garage currently used by owner. there are two water meters but owner pays water. sewer and garbage and includes in rent. Need 24 hour to show. See attached investment analysis.
Sold for $86,000 on 03/24/23
$86,000
1216 16th St, Rock Island, IL 61201
4beds
3baths
2,791sqft
Multi Family
Built in 1910
-- sqft lot
$117,100 Zestimate®
$31/sqft
$961 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 27, 2023 at 01:01pm
Listed by:
Mike Pezley mikepezley@remax.net,
RE/MAX Concepts
Bought with:
Kathy Meyer
Ruhl&Ruhl REALTORS Moline
Source: RMLS Alliance,MLS#: QC4238532
Originating MLS: Quad City Area Realtor Association

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Forced Air, Natural Gas
Appliances
- Included: Gas Water Heater, Range, Refrigerator, Water Heater
Features
- Basement: Full
Interior area
- Total structure area: 2,791
- Total interior livable area: 2,791 sqft
Property
Parking
- Total spaces: 4
- Parking features: Detached, On Street, Parking Pad
- Has uncovered spaces: Yes
Lot
- Size: 6,534 sqft
- Dimensions: 54 x 121
- Features: Level
Details
- Parcel number: 1602203010
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Shingle
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Rock Island
- Subdivision: Black Hawk
Services availability

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