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MLS Properties
2
$79,500 Sale
Listed 10 hours ago
1409 Riverview Drive IL
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Key Facts
Key facts for 1409 Riverview Drive IL
Property Type
Apartment
Parking
6 parking
MLS #
12780405
Size
-
Basement
-
Listed on
-
Lot size
-
Tax
$3,578 /yr
Days on Market
-
Year Built
1950
Maintenance Fee
-
Description
Conveniently located directly across from Western Illinois University's main campus (a short walkable distance to the union, library, and new performing arts center), this triplex offers an attractive opportunity for investors looking to expand their rental portfolio in a college town. The two r...ented units currently generate $1,700 per month in rental income, with Unit 1 rented for $1,000/month and Unit 2 for $700/month both with utilities included. The third unit in the basement was once rented as a studio apartment and the rest of the basement has been partially gutted to create more opportunity for the new owner. Unit 1 features hardwood floors, private laundry, a walkout back deck, and a bonus room. Unit 2 offers a separate rear entrance and a front balcony. Each unit has its own exterior entrance and a separate yard area, providing added privacy and convenience for tenants. Additional income potential exists with the two-car garage, which could be rented to tenants for extra storage, as well as the possibility of adding shared laundry facilities for unit 2 and basement unit. Basement could be one larger unit, or split into 2 units subject to zoning and building codes. Egress windows are already in place for potential basement bedrooms. Tenant occupied and 24-hour notice for showings.
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Listing courtesy of: Real Broker, LLC

Listings courtesy of MRED as distributed by MLS GRID.