Properties

Property Description

Excellent investment opportunity with this updated 4-unit property on S. 8th Street. This multi-family building offers a unique chance for an owner-occupant to live in one unit while generating rental income from the others, making it an ideal entry into real estate investing. Key features: * Potential Gross monthly rent of $2,050 ($24,600 / year) * 4 units, each with 1 bedroom and 1 bath * 3 units recently updated with modern plank flooring and fresh paint * 1 unit occupied by a long-term tenant * Garage (currently unrented) and off-street parking * Recent exterior improvements: tuckpointing and new paint * Separate electric & gas meters * 2 x month to month leases Perfect for first-time investors: * One vacant unit available for immediate owner occupancy * Option to lease vacancy to a non profit for $600 / month on 12 month lease * Collect rent from other tenants to offset mortgage costs * Gain valuable landlord experience while building equity * Excellent starting point for a rental property portfolio Additional benefits: * Down Payment Assistance available for eligible buyers * Potential for increased rental income by leasing the garage and signing new leases for at-will tenants. Great building for new or experienced investors.

Features
: Gas, Window Unit(s)
: Partial, Unfinished
: Composition
: 6
: Cable Available
: Level
: Parking Pad, On Street, Alley Access, Detached
Address Map
US
IL
Adams
Quincy
8TH
818 - 820
Street
0
W92° 35' 47.6''
N39° 55' 19.2''
8th st between Washington & Jefferson on west side.
S
MLS Addon
Swick Realty
Spencer
Schelp
$0
: Brick, Stone
4
: Stone
Quincy School District #172
RMAQC3959
RMAQCSWICRE
Active
23-2-1061-000-00
: Two Or More Story, Quadruplex
Other
$1,688
2023
[email protected]

Residential Income For Sale

818 - 820 8TH Street, Quincy, Illinois

0 Acre
$175,000
Listing ID #RMAQC4259981
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : RMAQC4259981
Price : $175,000
Lot Size : 0 Acre
Lot Size Dimensions : 60.5 x 112.5
Property Sub Type : Residential Income
Standard Status : Active
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