Contract Pending

2769 Sanford Alton IL 62002

$65,000 Alton, IL 62002
  • 0.23 Acres
  • Madison County

Description

Brand New Roof just installed. Great income producing property! Cash flows monthly! Owned by a contractor and has been very well maintained. Home has been rewired! Lots of PVC plumbing as well! Upstairs features 1 bed/1 bath is now vacant but last rented for $395.00. Bottom unit 2bed/1 bath is vacant rented last for $650. Rents are under market! Seller pays water/sewer/trash. These could be rolled into the rents! Bottom unit mows the lawn. Shed in back for lawn mower. Property cash flows at $725 monthly no mortgage or with traditional financing property will cash flow $525 monthly with all expenses paid. These numbers are from the previous rents gotten. These are averages and can vary of course! Property can easily cash flow more with raising the current rents to market rents. New owner can rent the both units immediately as they are move in ready! Great deal for someone looking to invest and have their money work for them monthly! Washer and dryer in the basement.

Key Features

  • Property Type Multi-Family, Residential
  • Acres 0 Acres
  • Minerals Call for more info
  • MLS # 21015523

Property Map

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