877-473-2018

Property Peddler inc.

Attention Investors

419 W Main, DuQuoin, IL

5 Plex! 9% Cap!

Sold

Attention Investors

419 W Main, DuQuoin, IL

5 Plex! 9% Cap!

Interested in
this property?

$320,000.00 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 

Price: $335,000

P#489  /  MLS # 22036776  

Listed & Sold by Property Peddler, Inc Brad Chandler ~ (618) 791-3289 ~ Auctioneer   

P#489  - Sold for $320,000  -  08/19/22

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Brad Chandler
Phone: 618-791-3289 Brad@propertypeddler.com
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All information provided through this website was obtained from sources deemed reliable; however, Property Peddler Inc. make no guarantees of the accuracy of information. All sketches and dimensions on this website are approximate and should be verified. All acreages are approximate and have been based on aerial photography, tax maps, or plat maps and are in no way guaranteed and the buyer might consider for it to be confirmed by a licensed surveyor.

Prospective buyers should rely on their personal inspection and/or the inspections of a professional property inspector for the condition of the property. As for the title work, it is the responsibility of the buyer and/or the buyer’s attorney to inspect. We suggest prospective buyers do their due diligence regarding their purchase. Neither the seller nor Property Peddler Inc. assumes liability for the accuracy, errors, or omissions. Seller reserves the right to refuse any and all offers submitted and may withdraw the property from offering without notice.

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