Looking for a long term, excellent investment with 13 apartment units and 36 storage units?? The apartments were built in 1995, are in two buildings, very seldom vacant, and rents that average about $9000.00 total per month. A number of the units have been recently renovated with new flooring, paint, and appliances. Apartment square footages range from 450 square feet to 900 square feet. The two self-storage units are all steel roofed, have square footages from 100 square feet up to 400 square feet and were built in 2005. All four buildings and the two adjacent lots are included in the sale. These units are located on Route 30, 3 miles West of I-80 and easily accessed from I-88. They have high returns, a great rental history, and are well built and maintained. The septic was recently pumped and the well was checked.
Sold
$640,000
1608 E Rock Falls Rd, Rock Falls, IL 61071
--beds
--baths
16,000sqft
5+ Units
Built in 2005
-- sqft lot
$839,200 Zestimate®
$40/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: June 05, 2023 at 12:01pm
Listed by:
Karen Senior 815-275-5633,
Wingert Real Estate Llc
Bought with:
JD Gieson, 475189225
Re/Max Of Rock Valley
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202301509

Facts & features
Interior
Heating
- Electric
Cooling
- Wall Unit(s)
Appliances
- Included: Refrigerator, Stove/Cooktop, Oven, Electric Water Heater
Features
- Has basement: No
Interior area
- Total structure area: 16,000
- Total interior livable area: 16,000 sqft
- Finished area above ground: 16,000
- Finished area below ground: 0
Property
Parking
- Total spaces: 13
- Parking features: Additional Parking
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio
Lot
- Dimensions: 186.04 x 478.37 x 185.71 x 458.98
Details
- Additional structures: Shed(s)
- Parcel number: 1702126024
- Zoning: Improved commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Siding
- Foundation: Slab
- Roof: Shingle,Metal
Condition
- Year built: 2005
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Septic Tank
- Water: Well
- Utilities for property: No Separate Utilities
Community & neighborhood
Location
- Region: Rock Falls
- Subdivision: IL
Other
Other facts
- Listing terms: 1031 Exchange
Services availability

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