120 Regan Street, Rockford, IL

13.93% return

SP: $199,900

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Property Description

AWESOME QUADPLEX!!!!

Very nice property. 3 x 1bed/1bath and 1 x 2bed/1bath. Renovated units and long term tenants. All brick. Only an hour away from Chicago, IL. Tons of growth and development in the city. Property will generate a 13%+ NET RETURN ON INVESTMENT!!! TONS OF APPRECIATION POTENTIAL!!! Buy this property for a discount before pricing goes up.

Professional property management is available.

Property Information

Listing statusSold
Property typeMulti Family
Total units4
Total bedrooms5
Total bathrooms4
Building size(unknown)
Lot size0.2 acres
Year built1923

CountyWinnebago County
Subdivision
ConstructionBrick
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingCentral
CoolingWindow A/C, Central

Property Financial Summary

Sale price$199,900
Estimated rehab¹$0
Total investment$199,900

TypeProforma

Gross income (annually)$45,600
Operating expenses (annually)$17,760
Net income (annually)$27,840
Gross return22.81%

Gross income (monthly)$3,800
Operating expenses (monthly)$1,480
Net income (monthly)$2,320
Net return13.93%

Property Income & ExpensesMonthlyAnnual

Income

Unit 1: 2 bed / 1 bath$1,100/month$13,200/year
Unit 2: 1 bed / 1 bath$900/month$10,800/year
Unit 3: 1 bed / 1 bath$900/month$10,800/year
Unit 4: 1 bed / 1 bath$900/month$10,800/year
Total$3,800/month$45,600/year

Expenses

Property Taxes$256/month$3,072/year
Insurance (estimated)$207/month$2,484/year
Gas Utility Bill$225/month$2,700/year
Electric bill$252/month$3,024/year
Water and Sewer$290/month$3,480/year
Maintenance reserve$250/month$3,000/year
Total$1,480/month$17,760/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.