Great Investment Opportunity! Landlord currently takes $25/mo. off of $450.00 rent rate for tenant to mow lawn. Both units have been 100% occupied and maintenance has been minimal but 5% for each is being used to get net income. Rent on 2nd unit could be raised to $450 also. Current taxes are $2,592 but owner is protesting; therefore using the rate for 2015.**Stove and Refrigerator each side; Washer & Dryer on South Side only; ***Net income based on 5% vacany and 5% maintenance
Off market
$139,100
404 N Merchant St, Effingham, IL 62401
2beds
2baths
882sqft
MultiFamily
Built in 1970
-- sqft lot
$139,100 Zestimate®
$158/sqft
$1,044 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Interior area
- Total interior livable area: 882 sqft
Property
Lot
- Size: 4,791 sqft
Details
- Parcel number: 0316018008
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Foundation: Crawl/Raised
Condition
- Year built: 1970
Community & neighborhood
Location
- Region: Effingham
Services availability

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