Attention all investors! This is a terrific opportunity to add to your portfolio! This well-maintained 10 unit apartment complex is situated in a quiet neighborhood in Troy, IL. All units are identical with 1 bedroom, 1 full bath, eat-in kitchen with stove and refrigerator, living room, and washer and dryer in each unit. Patio space for each unit and a covered common area for picnics. Plenty of parking for all residents and guests. Roof new after hail storm in 2017. All units are fully leased and on yearly leases. Managed by a local management company. Tenants pay for water, sewer, & electric on their own. Trash, snow removal, and lawn maintenance is part of the monthly leases. Units A, B, C, E, H, & I pay $425/mo., Units D, G, & J pay $475/mo., and Unit F pays $445/mo. No smoking allowed in units. Located close to shopping, dining, and interstate access.
Off market
Price Unknown
513 Red Bud Ln, Troy, IL 62294
--beds
0baths
6,120sqft
MultiFamily
Built in 1991
-- sqft lot
$-- Zestimate®
$--/sqft
$859 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Other
Cooling
- Central
Appliances
- Laundry: Prvt Laund all units
Interior area
- Structure area source: County Records
- Total interior livable area: 6,120 sqft
Property
Parking
- Details: Parking Lot, 2+ Space/Unit
Features
- Exterior features: Wood, Brick
Lot
- Size: 0.66 Acres
- Features: Corner Location, Suburban
Details
- Special conditions: Sale
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1991
Utilities & green energy
- Sewer: Public
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Troy
Other
Other facts
- WaterSource: Public
- Heating: Forced Air, Other
- GarageYN: true
- HeatingYN: true
- CoolingYN: true
- NumberOfUnitsTotal: 1
- Furnished: Unfurnished
- PetsAllowed: No
- NumberOfUnitsInCommunity: 1
- NumberOfBuildings: 1
- OpenParkingYN: true
- TenantPays: Electricity, Water
- SecurityFeatures: Smoke Detector(s)
- Sewer: Public
- OtherParking: Parking Lot, 2+ Space/Unit
- ParkingFeatures: Parking Lot, 2+ Space/Unit
- Cooling: Central-Electric
- SpecialListingConditions: Sale
- BuildingAreaSource: County Records
- ConstructionMaterials: Cedar/Wood, Brick Veneer Decrtv
- BuildingFeatures: Prvt Laund all units
- LaundryFeatures: Prvt Laund all units
- LotFeatures: Corner Location, Suburban
- StructureType: Apartment Complex
- NetOperatingIncome: 36540.00
- CoListAgentFullName: Scott Heinlein
- MlsStatus: Pending
- GrossIncome: 53040.00
- OperatingExpense: 16500.00