BEDS6
BATHS3 full
MLS#12716027
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 30
Property Description
Turnkey investment opportunity! This well-maintained triplex has been proudly owned by the same family since 1977 and offers immediate cash flow with all three 2-bedroom, 1-bath units fully rented. Current rental income totals $2,600 per month, with rents of $800, $800, and $1,000. Tenants pay their own gas and electric, helping minimize owner expenses. One tenant has called the property home for 22 years, demonstrating the property's long-term rental appeal and stability. Two of the three units (1001 & 10011/2) have been thoughtfully updated with new windows, flooring, bathrooms, paint, and more, while the third unit offers the opportunity for future updates and additional value. Amenities include coin-operated laundry, private 3' x 5' basement storage areas for each tenant, and one off-street parking space per unit. Major improvements include a new roof and gutters (2020), new water heater (2023), new sump pump (2024), and new electric meters for each unit. Heat is provided by a boiler system with window A/C units. This solid, income-producing property combines decades of pride of ownership, numerous capital improvements, dependable long-term tenancy, and immediate cash flow-making it an outstanding addition to any investment portfolio. all information is estimated and should be fully verified by buyers and buyers agents for full accuracy Can be sold as a package with MLS 12716005
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished, Partial
Basement: Yes
Heating: Steam
Lot Size: 0.22 Acres
Roof Type: Asphalt
Taxes: $4,472
Year Built: 1977
Feature Descriptions
Exterior: Brick
Lot: Level
Parcel#: 1805112001
Parking: Off Street
Sewer: Public Sewer
Total Rooms: 12
Township: Hampton
Water: Public
Local Schools
School District: District 30
Listed By / Shown By
Listed By
Agency Name: QC Reserve - Real Broker, LLC
Agency Phone: 563-294-0877
Shown By
Agent Name: Mike Weerda
Agent Phone: (815) 985-2895
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 1,580.68 per month $1,135.12 Principal & Interest $372.67 Property Tax $72.89 Homeowner's InsuranceChange Payment Information
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1001 14th Street | MLS# 12716027
This multi-family property located at 1001 14th Street, Silvis, IL 62182 is currently listed for sale with an asking price of $249,900. 14th Street is located within the District 30 school district. Search Silvis real estate on mweerda.gogambino.com today.