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$ 399,900
Est. payment | /mo
1,761 SqFt
$ 399,900
Est. payment | /mo
1,761 SqFt
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Pending
Purchase Type For Sale
Square Footage 1,761 sqft
Price per Sqft $227
Subdivision Il
MLS Listing ID 202601125
Style 2 Story
Annual Tax Amount $8,887
Tax Year 2024
Property Sub-Type 5+ Units
Property Description
Exceptional investment opportunity just blocks from downtown Belvidere! This stunning 6-unit Victorian offers strong cash flow with all units currently rented. The building features four studio apartments and two 1-bedroom units, providing a desirable mix for tenants. Each unit has separate electric services. The property showcases incredible curb appeal with its iconic tower, detailed trim work, well-maintained exterior and large .7 acre lot. Inside, the building offers charming character along with practical updates, including updated electrical and solid mechanicals. Additional income potential with a detached 4-car garage and two separate workshop spaces that can be rented for added revenue. The basement offers the possibility for a 7th unit with renovation, creating even more upside for the next owner. Don't miss this rare multi-unit opportunity!
Location
State IL
Area Boone County
Rooms
Basement Full
Interior
Hot Water Gas
Heating Hot Water/Steam
Cooling None
Exterior
Exterior Feature Wood
Garage Spaces 6.0
Roof Type Shingle
Building
Sewer City
Water City
Schools
Elementary Schools Washington Elementary
Middle Schools Belvidere South Middle
High Schools Belvidere High
School District Belvidere 100
Listed by Keller Williams Realty Signature
Nearby Locations
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Brandy Graves
Broker-Associate | Lic# 475175567