Otto Nobis
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
Prime mixed-use investment opportunity in downtown Pecatonica! This 7-unit property features two storefronts and five residential apartments, including three 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one 3-bedroom/1-bath unit. Currently generating approximately $6,000 per month in income, this property offers great cash flow and is an excellent addition to any investment portfolio. Many recent improvements have already been completed, including cosmetic updates throughout several of the apartments with updated flooring, paint, and more. A new furnace and water heater have also been recently installed. The building is has separately metered gas and electric, helping keep owner expenses low and operations efficient. Located right in downtown Pecatonica, this is a great opportunity to own an income-producing property with a mix of residential and commercial space. Financials available to qualified buyers.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 8,000
County: Winnebago
Listed By:
RE/MAX of Rock Valley
815-732-9100
MRED MLS
MLS ID: 12767631
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520 Main Street, Pecatonica, IL 61063.
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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 | $500,000 | $500,000 | $500,000 |
| Down Payment | $100,000 | $17,500 | $125,000 |
| Monthly Mortgage Amount | $2,695 | $3,308 | $3,292 |
| Taxes | $696 | $696 | $696 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $220 | $0 |
| Monthly Estimated Total | $3,537 | $4,370 | $4,134 |
Otto Nobis
REALTOR®
Cell: (563) 340-9782
Licensed in IA & IL
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
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