716 Kishwaukee Court, Rockford, IL

12.86% return

SP: $184,900

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Property Description

TURNKEY INVESTMENT!!!! Solid brick quadplex. New Roof installed in 2023. Long-term tenants. Units can rent for $750/month each easily. Tons of upside. Separate electric and gas meters. WILL GENERATE A 12%+ NET RETURN ON INVESTMENT!! Property management and financing is available.

Property Information

Listing statusActive
Property typeMulti Family
Total units4
Total bedrooms4
Total bathrooms4
Building size2605 sq. ft.
Lot size0.2 acres
Year built1990

CountyWinnebago County
Subdivision
ConstructionBrick
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingGas Furnace
CoolingWindow A/C

Property Financial Summary

Sale price$184,900
Estimated rehab¹$0
Total investment$184,900

TypeProforma

Gross income (annually)$36,000
Operating expenses (annually)$12,214
Net income (annually)$23,786
Gross return19.47%

Gross income (monthly)$3,000
Operating expenses (monthly)$1,018
Net income (monthly)$1,982
Net return12.86%

Property Income & ExpensesMonthlyAnnual

Income

Unit A: 1 bed / 1 bath$750/month$9,000/year
Unit B: 1 bed / 1 bath$750/month$9,000/year
Unit C: 1 bed / 1 bath$750/month$9,000/year
Unit D: 1 bed / 1 bath$750/month$9,000/year
Total$3,000/month$36,000/year

Expenses

Property Taxes$249/month$2,991/year
Insurance (estimated)$83/month$990/year
Lawn care$80/month$960/year
Gas Utility Bill$160/month$1,919/year
Water, Sewer and Waste$247/month$2,960/year
Electric bill$33/month$394/year
Maintenance reserve$167/month$2,000/year
Total$1,018/month$12,214/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.