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Attention Investors – 419 W Main, DuQuoin, IL – 5 Plex!

$350,000 DuQuoin, IL 62832
  • Perry County

Description

5 plex - Building and units fully renovated. This property is set up to have over a 9 cap with manager in place. Each unit is a 2 bed, 1 bath and approximately 1,000 sqft. New HVAC, electrical panels, and hot water heaters. The new kitchens showcase granite countertops and stainless steel appliances. Baths are all new and new flooring throughout. Tenants have been selected after a stringent vetting process. This is an opportunity to invest in real estate and not have to do the work to get it up and running.

  • Property manager in place
  • Over 9% cap rate
  • Newer roof (2018)
  • 5 new high-efficiency HVAC units and wifi enabled thermostats (2021)
  • 5 new electrical panels (2021)
  • Kitchens updated (2021)
    • New Forevermark cabinets and hardware
    • Granite countertops
    • Stainless steel appliances
    • 5 new hot water heaters (2021)
  • 5 new bathrooms (2021)
    • Shower enclosures
    • Vanities
    • Toilets
    • Fixtures
  • All new flooring - vinyl and carpet (2021)
  • Fresh interior paint (2021)
  • All switches, outlets, and light fixtures replaced (2020-2022)
  • Lifetime guarantee on Ramjack work completed

Directions:  Take Hwy 51 into DuQuoin, turn west on W Main. Property is on the south side of the road.

Legal Description: Part of Sec 7 T6S R1W

Parcel:  2-61-1290-120

Taxes: $ 3,785.28 ~ 2020

 

P#489  /  MLS # 22036776

 

LISTED by Property Peddler Inc.

Brad Chandler - Auctioneer/Broker - 618-791-3289

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