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509 3rd Ave

Sterling IL 61081

4
3
3
Multi-Family
Currently for sale - view listing

Overview

Great cash flow property with a turn key investment. The property is a 2-story triplex is in a great neighborhood with units consisting of a two bedroom, one bedroom, and a studio. The studio was completely renovated in 2019, giving it a modern and updated feel. The property features a new roof installed in 2018 and new windows added in 2021, ensuring good insulation and protection from the elements. It also boasts a large porch at the front and a rear screened-in porch, providing extra space for tenants to enjoy. Additionally, there is a three-car garage that can be rented out for added income. The original woodwork adds charm and character to the units, attracting high-quality tenants who appreciate quality craftsmanship. Tenants are responsible for taking care of the landscaping, which can save on maintenance costs. The property commands impressive rent rates due to its desirable features and excellent condition. Rents are 1000.00, 730.00 and 750.00. Two of the tenants are 60+ yr old sisters that have lived in the two bed and one bed for over 15 yrs. Spacious main floor, 2 bedroom, 1 bathroom. Second floor has 1 bedroom, 1 bathroom apartment and furnished studio apartment. Landlord pays all utilities. Average $500 per month. Current tenants are Month to Month. Don't miss out on this amazing income generating opportunity!

Features

4 bedrooms
3 bathrooms
3 carspaces
3 garage spaces
Multi-Family

Happy sellers in Sterling

92%
92% of sellers in Sterling reported that their sale price either exceeded or met their price expectations.

Sterling stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Sterling over the last 12 months.

Local market activity for 4 bedroom multi families in Sterling

In the last 12 months, 3 four-bedroom multi families similar to 509 3rd Ave, have been sold.

This represents a 60% increase in four-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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