808 E 7th Street

    Alton, IL 62002
    • $42,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: 20012522
    UPDATED: 50 min ago
    $42,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,000
      SQFT
    • $21
      $/SQFT
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    INVESTOR OPPORTUNITY!! This 4-PLEX offers room for a great return on investment. 808 includes 808A, 810A lower large 1 bdrm units with full showers and 808B, 810B upper efficiency units. 808A has a new water heater in 2018. 810A has a new furnace in 2017. 808A, 808B, and 810B are vacant and have been freshly painted. Rents have been/are 808A ($425), 808B ($325), 810A ($300) occupied and heavily discounted b/c this tenant is the local super for both buildings owned by this seller and has been there 25 years! (Seller is also selling the duplex next door located at 812 E. 7th Street), and 810B ($325). Owner pays water, sewer, and trash. There is one main water line in but divided and metered individually in the basement so the owner can track each units usage. This building had actual profits of $3,631.71 in 2017, $6,765.68 in 2018, and $4,550.04 in 2019. Owner can provide an EXCEL spreadsheet as proof.Seller is willing to sell both buildings as a package deal for the right buyer.

    Monthly Payment Calculator

    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-04-02T13:49:00.693.

    Fusion Realty, LLC: 618.781.9170
    www.fusionrealtyhomes.com/homes/103699345

    808 E 7th Street Alton, IL 62002

    • Price: $42,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 20012522
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,000
    SQFT
    $21
    $/SQFT
    1900
    Built
    Neighborhood:
    Hunters North Liberty Add
    County:
    Madison
    Elementary School:
    Alton Dist 11
    Middle School:
    Alton Dist 11
    High School:
    Alton
    School District:
    Alton Dist 11
    Property Description
    INVESTOR OPPORTUNITY!! This 4-PLEX offers room for a great return on investment. 808 includes 808A, 810A lower large 1 bdrm units with full showers and 808B, 810B upper efficiency units. 808A has a new water heater in 2018. 810A has a new furnace in 2017. 808A, 808B, and 810B are vacant and have been freshly painted. Rents have been/are 808A ($425), 808B ($325), 810A ($300) occupied and heavily discounted b/c this tenant is the local super for both buildings owned by this seller and has been there 25 years! (Seller is also selling the duplex next door located at 812 E. 7th Street), and 810B ($325). Owner pays water, sewer, and trash. There is one main water line in but divided and metered individually in the basement so the owner can track each units usage. This building had actual profits of $3,631.71 in 2017, $6,765.68 in 2018, and $4,550.04 in 2019. Owner can provide an EXCEL spreadsheet as proof.Seller is willing to sell both buildings as a package deal for the right buyer.
    Exterior Features

    Building Desc Duplex Construction Vinyl Siding Lot Dimensions 41.5X120 Parking Description On Street Parking

    Interior Features

    Appliances Some Some Refrigerator(S)Some Range Oven(S) Cooling 1 Window/Wall Heat Source Gas Heating Forced Air Miscellaneous Basement Water Heater Gas

    Property Features

    Assoc Fee Paid None Association Greater Gateway Association Of Realtors Cable Available Yes Conditions Unknown Disclosures Sellers Discl. Avail Fixed Expenses ElectricGasInsuranceTrash Removal Gross Operating Income 16500.00 Lot Size Source County Records Net Income 11508.00 Operating Expenses Fixed Expenses Ownership Private Possession At Closing Possible Buyer Fees YN Yes Propane Tank None Property Type Multi-Family 2-4 Selling Terms CashConventionalOther Sewer Public Special Description No Exemptions Special Listing Conditions None Square Footage Source Other Tax Year 2018 Taxes Paid 1287 Tenancy Type 1 Or More VacantLeases Tenant Pays All Utilities Total Expenses 4992.00 Transaction Type Sale Type Of Units 4-Family Water Public

    Listing provided courtesy of Re/Max Alliance. Listing information © 2020 Mid America Regional Information Systems, Inc.
    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-04-02T13:49:00.693.

    Fusion Realty, LLC: 618.781.9170
     
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