Incredible investment opportunity! This 4 unit apartment complex is conveniently located in Payson, Illinois just 15 minutes from Quincy, Illinois. The property currently offers $39,000 in yearly income from the 4 apartments offering over a 12% gross ROI at asking price! All the units are currently rented with great renters & all units have many recent updates in the past few years (listed below). All units have their own central air & furnace. If you are looking for a great investment property give us a call! Recent Upgrades: Apartment 1: Air conditioner / Stove / Range Hood / Tile-Laminate / Carpet In Larger Bedroom / Most Interior Doors / 4 Windows / Railing On Porch / Faucets / Lighting / Trim / Shelving / Paint / Bathroom Ceiling Apartment 2: New Flooring / New Tile / Three New Windows / Doors / Lighting / Toilet / Shelving / Paint / Trim / Ceilings Apartment 3: All New Flooring / Drywall / Ceilings / Tub / Vanity / Doors / Furnace / Air conditioner / Lighting / Water Heater / Trim / Shelving / Paint Apartment 4: Flooring In Kitchen / Faucets / Closet Doors / Paint Outside: New Shared Patio / Charcoal Grill / Picnic Table / New Mailboxes
For sale
Price cut: $14K (4/7)
$295,000
206 W Edwards St, Payson, IL 62360
--beds
0baths
--sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$293,800 Zestimate®
$--/sqft
$-- HOA
What's special
Picnic tableNew mailboxesNew windowsCharcoal grillCentral airNew flooringNew tile
- 50 days
- on Zillow |
- 176 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: April 07, 2025 at 07:05am
Listed by:
217-316-2578,
Hometown Real Estate
Source: My State MLS,MLS#: 11445829
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Basement
- Area: 0
Heating
- Has Heating (Unspecified Type)
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 0
- Finished area above ground: 0
Property
Lot
- Size: 1 Acres
Details
- Parcel number: 180046100000
- Lease amount: $0
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 0
Utilities & green energy
- Electric: Amps(0)
Community & HOA
HOA
- Has HOA: No
Location
- Region: Payson
Financial & listing details
- Tax assessed value: $116,040
- Annual tax amount: $2,627
- Date on market: 3/6/2025
- Date available: 03/04/2025
- Listing agreement: Exclusive
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