810 N Van Buren St, Marion, Illinois, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$114,000

810 N Van Buren St
Marion, Illinois, United States

4ba

Listed By: Realtyww Info

Listed On: 07/15/2024

Listing ID: GL11938813 View More Details

Description

Investors, this is a duplex that used to be a 4plex, I've made a whole first floor apt and a whole 2nd floor apt. 3 bedrooms, 2 full bathrooms, living room, dining room, laundry closet, kitchen on each floor, 1st floor even has an extra den/sunroom off the master bedroom. 2, 297 sq ft total. 4 car carport. Architectural layout in photos. It has new roof, rebuilt whole roof on front porch, new windows, new siding, 80% PEX plumbing complete, 100% new electrical throughout and from street currently working and still being completed, and much more noted in the documents section! At the asking price plus estimated $35, 000 to complete it you would have $150, 000 in it. Rented it should bring over $26, 000 per year. Based on the cap rate and the past 2 years of multi-family sold comps, it should have a resale value when rented at $180, 000 - $200, 000. If that isn't enough profit, rent it out for 6 years then sell it for that price and you'll make over $150, 000 profit. Additionally, the carport could be relocated on south to make room for building two additional townhomes on the back of the property. This could really be an income producer!

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Listed by: David Gilchrist