Lindsay Morhardt
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Fully occupied duplex generating approxiately $15,600 annually. Estimated NOI $9,300. Approx. 13.67% cap rate at $79,900 Two 2 BR/1BA units Strong rental area. Furnace 4 years old Hot water heater 1 year old. Sold AS-IS Opportunity to increase rents. This property offers a practical and affordable investment option with a duplex layout, giving buyers the ability to create rental income, house-hack, or add a solid property to their portfolio. . With separate living spaces & strong rental demand, this property is ideal for an investor looking for cash flow and long-term appreciation.The exterior has nice curb appeal, and with the right finishing touches, this duplex can truly shine. Whether you are an experienced investor or purchasing your first income-producing property, this is the kind of opportunity that deserves a closer look. Income-producing asset, Stabilized with upside, Value-add potential Located in Peoria, near everyday conveniences, schools, shopping, and main travel routes, this property gives tenants accessibility and gives investors potential. Images are digitally enhanced for presentation. If you are looking for a duplex with income potential, flexibility, and value, 1823 N Linn Street may be the one. Broker is a Principal to the Seller
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Peoria
High School: Peoria High
Subdivision: Bunns
Listed By:
Realty Executives Acclaimed
Mobile: 309-696-0761
RMLSA
MLS ID: PA1265894
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1823-1825 N Linn Street, Unit 2, Peoria, IL 61604.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $79,900 | $79,900 | $79,900 |
| Down Payment | $15,980 | $2,797 | $19,975 |
| Monthly Mortgage Amount | $378 | $470 | $486 |
| Taxes | $111 | $111 | $111 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $35 | $0 |
| Monthly Estimated Total | $589 | $716 | $697 |
Lindsay Morhardt
REALTOR®
Cell: (563) 241-8092
Licensed in IA & IL
Clinton Office
301 North Second Street
Clinton, IA 52732
(563) 242-4602
Clinton, IA 52732
(563) 242-4602
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