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513 Red Bud Lane Troy, IL 62294
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Key Details
Sold Price $425,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10871500
Sold Date 02/07/20
Year Built 1990
Annual Tax Amount $12,599
Lot Dimensions 105X273
Property Description
Attention all investors! This is a terrific opportunity to add to your portfolio! This well-maintained 10 unit apartment complex is situated in a quiet neighborhood in Troy, IL. All units are identical with 1 bedroom, 1 full bath, eat-in kitchen with stove and refrigerator, living room, and washer and dryer in each unit. Patio space for each unit and a covered common area for picnics. Plenty of parking for all residents and guests. Roof new after hail storm in 2017. All units are fully leased and on yearly leases. Managed by a local management company. Tenants pay for water, sewer, & electric on their own. Trash, snow removal, and lawn maintenance is part of the monthly leases. Units A, B, C, E, H, & I pay $425/mo., Units D, G, & J pay $475/mo., and Unit F pays $445/mo. No smoking allowed in units. Located close to shopping, dining, and interstate access.
Location
State IL
County Madison
Interior
Fireplace N
Exterior
View Y/N true
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Bought with Michelle Hawthorne • RE/MAX Alliance