BEDS4
BATHS2 full
MLS#12611739
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 205
Property Description
toacquire a fully stabilized 6-unit furnished rental property with consistent occupancy, strong income performance, and a well-established reputation. This property operates as a successful mid-term rental portfolio catering to travel professionals andextended-stay tenants, generating approximately $115,200 in effective gross income and an estimated Net OperatingIncome of $100,680. All units are fully furnished, consistently occupied, and supported by excellent tenant reviews,reflecting the quality and care put into the property. Well-maintained and professionally managed, this asset offers a trueturnkey, plug-and-play investment with immediate cash flow. Excellent reviews and strong tenant satisfaction. Well-keptproperty with ongoing maintenance. Fully furnished units included in sale. Proven occupancy history Strong demand fromtravel and mid-term renters. Efficient operating expenses. This is a rare opportunity to acquire a high-performing, income-producing asset with both stability and reputation already in place. This property is being sold as a package deal along with718 Seminary Street and 722 Seminary Street. Sold as package deal $960,000
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished, Full
Basement: Yes
Heating: Natural Gas, Forced Air
Lot Size: 0
Taxes: $2,049
Year Built: 1926
Feature Descriptions
Exterior: Brick
Lot Dimensions: .012
Parcel#: 1126178007
Sewer: Public Sewer
Total Rooms: 10
Township: Rockford
Water: Public
Local Schools
School District: District 205
Listed By / Shown By
Listed By
Agency Name: Gambino Realtors Home Builders
Shown By
Agent Name: Brenda Baney-Tufly
Agent Phone: (815) 988-3476
Estimate Your Payment
Estimated Payment
$ 1,717.62 per month $1,453.54 Principal & Interest $170.75 Property Tax $93.33 Homeowner's InsuranceChange Payment Information
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718 Seminary Street | MLS# 12611739
This multi-family property located at 718 Seminary Street , Rockford, IL 61104 is currently listed for sale by Gambino Realtors Home Builders, with an asking price of $320,000. Seminary Street is located within the District 205 school district. Search Rockford real estate on bbaneytufly.gogambino.com today.