Great opportunity awaits with this 4 unit multifamily. In an excellent, quiet location, with wooded backdrop. Features 2- 2 bedroom, 1 bath units & 2- 1 bedroom, 1 bath units. 7 car garage & parking for all tenants- and area for manager storage. Current property rent roll is $3410. All units have separately metered gas and electric paid by tenants. Both two bedroom units have been recently updated. All units have long term tenants that are all on M2M. Downstairs area offers storage for tenants as well as coin operated laundry.
Courtesy: Dickerson & Nieman Realtors - Rockford
815-227-5900
Fantastic investment opportunity! This unique property features two well-maintained duplexes situated on a beautiful 1.97-acre wooded lot, just minutes from the interstate, downtown South Beloit, and the new Ho-Chunk Casino. The first duplex offers one unit with two spacious bedrooms with hardwood floors, 1.5 baths, an open kitchen and dining area, a large family room with deck access, a living room with a gas fireplace, a screened porch, and a finished lower-level rec room. It also includes a one-car attached garage and a 900 sq. ft. insulated detached garage with a metal roof. The second unit in this building features two bedrooms, one bath, a kitchen, dining room, living room with deck access, lower-level laundry, and a one-car attached garage-plus a newer roof (1 year) and new AC condensers. The second duplex includes one unit with two bedrooms, 1.5 baths, a cozy family room with built-ins, a four-season room, and a two-car detached garage. The other unit offers two bedrooms, one bath, a deck off the dining room, and a two-car attached garage. All units have laundry in the lower level, generous living space, and access to a serene wooded setting-ideal for tenants or potential owner-occupants. A rare opportunity to own a high-potential, income-producing property in a growing area!
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South Beloit is located in Illinois. South Beloit, Illinois has a population of 7,943. South Beloit is more family-centric than the surrounding county with 47.83% of the households containing married families with children. The county average for households married with children is 25.33%.
The median household income in South Beloit, Illinois is $65,218. The median household income for the surrounding county is $57,779 compared to the national median of $69,021. The median age of people living in South Beloit is 32.1 years.
The average high temperature in July is 83 degrees, with an average low temperature in January of 11.4 degrees. The average rainfall is approximately 36.7 inches per year, with 34.1 inches of snow per year.
