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809 E 14th St
Georgetown, IL 61846
6-Unit Dev. at 809 E 14th St , Georgetown · Multifamily Property For Sale
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6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 1.37 AC |
| Property Type | Multifamily | Building Size | 9,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 2002 |
| Building Class | C | Parking Ratio | 0.33/1,000 SF |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.37 AC |
| Building Size | 9,000 SF |
| No. Stories | 2 |
| Year Built | 2002 |
| Parking Ratio | 0.33/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Heating
- Refrigerator
- Oven
- Carpet
ABOUT 809 E 14TH ST , GEORGETOWN, IL 61846
Video walkthrough tour at the end of the description. This rental property is a 6-unit development with a single family 3 bedroom home, a duplex with two rentable units, and a warehouse with three separate apartments built inside and 1200 square feet of space that can be rented or built into additional rental units. The three apartments each have their own 1 stall garage space. The properties are situated on 1.5 acres of land and .5 of that acreage is vacant and buildable. This property is cashflow positive from day one. Duplexes and one apartment have just been updated beautifully. These properties are continually rented and have month to month leases. This is an investors dream. All units are located on one parcel which totals 1.5 acres at East 14th Street, Georgetown and consist of the following: 1 rental house (809) 1 duplex (811 A & B) 1 apartment building with three units (809 A, B, C) 3 car garage attached to apartment building, storage warehouse attached to back of apartment building additional units could be added or storage spaces added for tenants rent. Improvements to the units are as follows: 811A - New flooring throughout; repainted; new faucets, sinks and toilet. 811B - new hot water heater. 809C - replaced bathtub and surround, new flooring in bath, master bedroom and living room. There is a half acre vacant lot next to the above units that is included with the sale and is buildable. These properties are in excellent condition. The Property manager is paid monthly flat amount for answering maintenance calls, collecting rent, all snow removal, and lawn care as well as renting out and managing all 6 units. This amount is $7200 per year and is included in the repair numbers on the schedule Es. All utilities are paid by the tenants including, electric, gas, water except unit 809 C which is tied in with the common areas and so the water electric and gas service is included in rent. Trash service is provided for all tenants. Seller would consider seller financing or creative financing. Video Walkthrough Tour: https://youtu.be/MPXKe_Qc6OE?list=PLA8PJL0tyYG3Q1vl3VcPwqiYi5DbH9JSv
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $800.00 | - |
| 1+1 | 1 | $625.00 | - |
| 2+1 | 4 | $705.00 | - |
PROPERTY TAXES
| Parcel Number | 28-29-401-058 | Improvements Assessment | $87,377 |
| Land Assessment | $14,141 | Total Assessment | $101,518 |
PROPERTY TAXES
