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$ 1,155,000
Est. payment /mo
Active
196 Flintridge Drive Rockford, IL 61107
10,940 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 10,940 sqft
Price per Sqft $105
Subdivision Il
MLS Listing ID 202604563
Style 2 Story
Annual Tax Amount $17,000
Tax Year 2025
Property Sub-Type 5+ Units
Property Description
Excellent opportunity to acquire two well-maintained 11-unit apartment building with 21 of 22 units currently occupied. Sold together with 208 Flintridge Dr. One vacant unit is intentionally being kept available for easy showings and provides an immediate leasing opportunity. The property features an average monthly rent of $1,070 per unit, offering strong in-place cash flow with additional upside through lease renewals and future rent growth. Major capital improvements have already been completed, including one roof replaced within the last 10 years. The buildings are served by four hot water heaters, with two approximately 7 years old and two recently replaced, helping reduce future capital expenditures. All 11 units have 2 bedroom 1 bath. PRICE IS PER BUILDING. 2.31M for Both 196 and 208.
Location
State IL
Area Winnebago County
Interior
Hot Water Gas
Heating Hot Water/Steam
Cooling Wall Unit
Exterior
Exterior Feature Brick/Stone
Garage Spaces 30.0
Roof Type Shingle
Building
Sewer City
Water City
Schools
Elementary Schools Gregory Elementary
Middle Schools Eisenhower Middle
High Schools Guilford High
School District Rockford 205
Listed by Realty One Group Strategies