2635 E Geddes Ave, Decatur, IL 62526

Nice size ranch home on a nearly half acre fenced lot with an oversized 2.5 car detached garage! Inside you'll love the large living room/kitchen/dining room combo, fresh paint throughout, replacement windows, and new luxury vinyl plank flooring in living room and dining room. Large pantry and main floor laundry room are a huge plus as well. Listed as 2 bedrooms, but there is a 3rd room that would be ideal for an office, nursery, or playroom. New fridge, stove, dishwasher, and toilet as well. New roof on garage and house in 2018 and new water heater in 2019. HVAC age unknown. There is currently no owner occupied homestead exemption on this home, but if owner occupied that would decrease property taxes by ~$600/year. Investor alert! This home was rented for 6 years at $880/mo. This represents an ~11% cap rate. If financed at 90% LTV this would be an ROI of ~60%.