$504,000
$549,900
8.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 04/25/2024
Key Details
Sold Price $504,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11969828
Sold Date 04/25/24
Year Built 1977
Annual Tax Amount $12,356
Tax Year 2022
Lot Dimensions 57X115
Property Description
Welcome to this prime investment opportunity in the heart of Urbana! This well-maintained 6-unit building, with a new roof, gutters & siding and outside stairway in '22, offers an excellent blend of modern convenience and strategic location. The building is thoughtfully designed with three units on each floor, providing a consistent and efficient layout for all residents. Each unit in the building features a well-designed floor plan with two bedrooms and one bathroom, ensuring a comfortable and functional living space. Unit 3 and unit 5 have recently been remodeled. The property boasts strong rental potential, making it an ideal choice for investors seeking a reliable income stream. Its strategic location between the UIUC campus and downtown Urbana offers residents convenient access to both academic and recreational pursuits.
Location
State IL
County Champaign
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
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Bought with Hazem Jaber • Coldwell Banker R.E. Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "