BEDS0
BATHS
MLS#12605088
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
Property Description
Turnkey, updated, and fully rented 7-unit investment opportunity!! Five of the units are spacious townhouse-style 2-bedroom layouts featuring 1.5 bathrooms and generous living space. All units offer great natural light and functional flow. These bi-level townhome-style units rent easily, have smooth turnover, and include central air and designated parking. The property features 5 covered parking spaces plus 2 additional off-street spots. There is also a basement common area with designated spaces for laundry units along with tenant storage. Potential for increased rental income with HACC vouchers offering 2-bedroom units up to $1,122 and 1-bedroom units up to $934, creating a total potential cash flow of $7,478/month. Tenants pay their own gas, electric, and water, helping maximize returns. This conscientious owner has invested approximately $100,000 in improvements, including a new roof, multiple HVAC systems, and extensive unit renovations. A full list of upgrades is available in additional documents. Fully rented and meticulously maintained, this is a rare opportunity to step into immediate cash flow from day one!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Lot Size: 0.31 Acres
Stories: 2.0
Taxes: $11,074
Year Built: 2001
Feature Descriptions
Current Use: Multi-Family
Electric: Service - 0 to 100 Amps
Exterior: Wood, Brick, Vinyl Siding
HVAC: Electric, Forced Air, Gas
Lot Dimensions: 100X137
Miscellaneous Indoor: Laundry Room, Storage Inside
Parcel#: 932121180006
Parking: 1-5 Spaces
Tenant Pays: Electricity, Heat, Water, Hot Water
Units: 7
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker R.E. Group
Agency Phone: 217-351-1988
Shown By
Agent Name: Brenda Baney-Tufly
Agent Phone: (815) 988-3476
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 3,702.37 per month $2,611.83 Principal & Interest $922.83 Property Tax $167.71 Homeowner's InsuranceChange Payment Information
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2012 Vawter Avenue | MLS# 12605088
This multi-family property located at 2012 Vawter Avenue , Urbana, IL 61801 is currently listed for sale with an asking price of $575,000. Search Urbana real estate on bbaneytufly.gogambino.com today.