528 E Grand Ave, Decatur, IL 62521

This property is located on a major east-west side street of Decatur; great exposure for finding new tenants. Unit 1: 4 bedroom (or 3 + study), 2 bath, Rents for $550/mo Unit 2: 3 bedroom (or 2 + study), 1 bath, Rents for $450/mo $1,100 monthly income - $240 estimated mortgage - $100 tax - $67 insurance - $25 utilities (paid by tentants) - $55 property management = EQUALS A POSITIVE CASH FLOW OF $613/MO!!!! (Or $558 with vacancy) Needs approximately $12,000 of rehab. Partil rehab was completed by previous owner, including interior painting and kitchen cabinets that are ready to install. Windows need either repair or replacement for Section 8 housing, plus carpet and other small upgrades. Property is being sold as is. No major repairs needed, mostly upgrades and some improvements. Local realtors, contractors and property managers are ready and willing to work with new owner. Let's make this a successful investment experience for you!