Turnkey Decatur Rental 2 Pack | $1,400 market rent selling at 3x rents 🔥 |

• 6 Beds / 2.5 Baths • 1,200 SqFt
Offer Submission Deadline
  • Single Family House
  • 6
  • 2.5
  • 1910
  • 1200
  • 6000
  • Detached Garage

Description

Decatur Rental Package – 2 Turnkey SFRs | $85,000 Package Price

Addresses:

  • 1350 N Woodford St, Decatur, IL
  • 1097 N Monroe St, Decatur, IL

Asking Price:

  • $45,000 each
  • $85,000 for the package

Property 1 – 1350 N Woodford St

  • 3 Bed / 1.5 Bath
  • Detached garage
  • Dry, clean basement with additional shower
  • Vacant and rent-ready within a week
  • Fresh paint, patch work, basement floor coating, and new kitchen flooring being completed
  • Furnace & Central AC approximately 1.5 years old
  • Roof approximately 15 years old; flat roof section replaced summer 2025
  • Previously rented for $1,200/month
  • All appliances included

Property 2 – 1097 N Monroe St

  • 3 Bed / 1 Bath
  • Unfinished basement
  • Passed Section 8 inspection approximately one month ago
  • Currently rented for $1,200/month through Section 8
  • Tenant scheduled to vacate at the end of next month
  • Only minor maintenance noted: gutter cleaning and porch paint touch-up
  • All appliances included

Additional Notes

  • Long-time owner operated and maintained by local contractor/HVAC professional.
  • Properties have been consistently maintained and kept up to code.
  • Seller is motivated to simplify his portfolio and is prepared for a quick closing.
  • Excellent opportunity for a buy-and-hold investor seeking immediate cash flow with minimal deferred maintenance.

Terms

  • Cash or hard money preferred
  • Buyer to perform own due diligence
  • Quick closing available

Estimated Spread

  • ARV $120,000
  • Price $85,000
  • Spread $35,000