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1600 9th St 2 Unit Apartment Building $79,900 ($39,950/Unit) 12.25% Cap Rate Rock Island, IL 61201

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INVESTMENT HIGHLIGHTS

Awesome Investment!
Will easily rent for $700+ each!!!
Sold at a discount!!!

Separate Electric and Gas meters!!
Tons of rental demand in the area!!

EXECUTIVE SUMMARY

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Internal Description
FULLY OCCUPIED and TURNKEY
Rents at $800 and $700
All renovations complete, code violation lifted. GREAT INVESTMENT!!
Property Description
FANTASTIC DUPLEX!!!
Fully occupied and turnkey!!! Downstairs 2bed unit rents at $800 and upstairs 1bed unit rents at $700!!! All repairs are done, building is up to code!! Tenants pay electric!! BRAND NEW BASEBOARD HEATING!!! PROPERTY GENERATES A 15%+ NET RETURN ON INVESTMENT!!! We have done all the work, so you do not have to! Will not last!!!
Property management and financing is available!!!

Property Flyer 1600 9th Street, Rock Island, IL

FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access	ANNUAL	ANNUAL PER SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	$99,999	$9.99
Operating Expenses	$99,999	$9.99
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	$99,999
Annual Per SF	$9.99

Operating Expenses
Annual	$99,999
Annual Per SF	$9.99

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

PROPERTY FACTS

Price	$79,900	Apartment Style	Garden
Price Per Unit	$39,950	Lot Size	0.10 AC
Sale Type	Investment	Building Size	1,407 SF
Cap Rate	12.25%	Average Occupancy	100%
No. Units	2	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1909/2025
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park Multifamily Dormitory	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RI

Price	$79,900
Price Per Unit	$39,950
Sale Type	Investment
Cap Rate	12.25%
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment Multifamily Manufactured Housing Mobile Home Park Multifamily Dormitory
Apartment Style	Garden
Lot Size	0.10 AC
Building Size	1,407 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1909/2025
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RI