Property Listing No Longer Available for Sale

4777 E State St Units 9,10 12

Rockford, IL

Office for Sale - $410,000


Property Info

CIMLS#879442
Location
  4777 E State St Units 9,10 12
  Rockford IL 61108
UpdatedApril 30th, 2017
TypeOffice
Price$410,000

Property Description

INVESTMENT OPPORTUNITY - 2 UNITS CURRENTLY LEASED.– UNIT ten (2,400SF) AND UNIT twelve (1,950SF) OCCUPIED BY REGIONAL "HELP AT HOME" AGENCY HAVING A 5 YEAR LEASE AS OF JUNE 01, 2016 WITH 2 - 5yr RENEWABLE OPTIONS; 3rd UNIT# nine (1,000 SF) AND AVAILABLE AS OF 9/1/16– THIS UNIT WAS RENTED FOR $1070 GROSS; AVERAGE ANNUAL NET OPERATING INCOME $27,652.00 FROM UNITS ten AND 12. IDEAL FOR END USER FOR THE 1,000 S/F AS AN INVESTMENT – PAY FOR THE MORTGAGE AND HAS POSITIVE CASH OVER $1,600 ANNUALLY. TOTAL SIZE 5,350S/F. LOCATED JUST EAST OF ALPINE ROAD ON THE SOUTH SIDE WITH E. STATE STREET. EXPOSURE. FANTASTIC LOCATION ON 1 OF THE MOST HEAVILY TRAVELED STREET IN AREA.


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