Brockette Homes
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
Attention investors: This 2-flat property is a textbook fixer-upper being sold strictly AS-IS and needs a significant amount of work. Bring your tools, budget, and construction crew to unlock the full potential of this 1,952 sq. ft. asset. The major draw is the immediate ROI - Monthly Income: $1,425. Currently occupied by long-term mo-to-mo tenants who may be willing to stay. Each unit is 2 BR/1 BA and is highly desirable due to the inclusion of a full appliance package, including an in-unit washer and dryer. 1st Floor ($725/mo): Provides current stability with a newer furnace, new appliances, new water heater, and updated flooring. 2nd Floor ($700/mo): Needs considerable attention and features electric heat. The exterior includes vinyl siding and a large shared backyard. Also incls 976 sq. ft. unfinished basement Tenants are responsible for all utilities except garbage. This is a solid path to substantial equity for the motivated investor prepared for a full-scale renovation.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 4
Bathrooms: 2
County: Boone
Listed By:
Berkshire Hathaway HomeServices Starck Real Estate
815-459-5900
MRED MLS
MLS ID: 12384017
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11220 Us Route 20 Highway , Garden Prairie, IL 61038.
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toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $189,900 | $189,900 | $189,900 |
| Down Payment | $37,980 | $6,647 | $47,475 |
| Monthly Mortgage Amount | $911 | $1,118 | $1,164 |
| Taxes | $264 | $264 | $264 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $84 | $0 |
| Monthly Estimated Total | $1,275 | $1,566 | $1,528 |
Brockette Homes
Office: (319) 551-8692
Cell: (319) 327-7992
Licensed in IA
Cedar Rapids Office
5805 Council St. NE
Suite A
Cedar Rapids, IA 52402
(319) 373-7845
Suite A
Cedar Rapids, IA 52402
(319) 373-7845
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