If you have ever considered life as a landlord, this family-owned 4-plex is a fantastic start (or addition) to your income property portfolio. Completely rented, this property features four 1-bedroom apartments, each with their own furnace, water heater, & utility service. Each renter also has a specified storage area in the shared basement. In addition to the hassle-free way the property has been split into rentals, it has another real perk: the potential for more & more income in the future. One of the apartments has been nicely updated, while the other three are in need of a facelift. As tenants move out (& as you have the time/funds), you can make cosmetic changes to Apartments A, B, & D and then raise the rents accordingly. With this in mind, the sellers are offering a $6,000 credit at closing to be put towards new flooring in these three apartments or other upgrades the new owner might want to make.
410 Locust (MLS #24034309) is a multi-family listing located in Greenville, IL.
This multi-family listing is on a lot of 6,098 sqft (or 0.14 acres) and is 114 years old. This property was listed on 05/30/2024 and has been priced for sale at $156,000.
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Listing information courtesy of: Bond County Realtors
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