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Key Details
Sold Price $230,000
Property Type Multi 2-4 Units
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10964578
Sold Date 03/03/21
Style American 4-Sq.
Bedrooms 5
Full Baths 4
Year Built 1929
Annual Tax Amount $8,081
Tax Year 2019
Lot Size 10,890 Sqft
Lot Dimensions 80X135
Property Sub-Type Two to Four Units
Property Description
ATTENTION INVESTORS ! Fully occupied 4 unit zoned C-3 commercial in historic downtown Ottawa IL. All brick building with many possibilities, currently used as a 4 unit rental, with C-3 commercial zoning you can put your business on the first floor and utilize 2 upper units for income or just rent all 4 units. Total rental income $32,827 with a NET ROI of 10.4%, low vacancy rate and downtown location makes this an A + investment opportunity. 3 units are 1bed, 1bath and 4th unit is a 2bed, 1bath just recently updated. Detached 4 car garage for storage or parking and onsite laundry facilities. New roof 2015. Own this property with only 3.5% down, call for more details.
Location
State IL
County La Salle
Area Danway / Dayton / Naplate / Ottawa / Prairie Center
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas, Steam
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 4.0
Roof Type Asphalt,Slate
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 141 , 141, 140
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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Bought with Phil Makarewicz • RE/MAX 1st Choice