Home / Harris Carr / Turnkey Purpose...

Turnkey Purpose Built 5-Unit Property in Rockford, IL. 🔥🚨

• 15 Beds / 7 Baths • 6,400 SqFt

Pending

Offer Submission Deadline

House Type 4+ Unit
Bedrooms 15
Bathrooms 7
Year Built 1966
Approx.SqFt. 6400
Lot size SqFt. 6400
Garage No Garage

Description

Well-maintained 5-unit townhome-style multifamily featuring five 3 Bed / 1.5 Bath units, each with a private full basement, individual laundry hookups, private fenced patio, and on-site parking. Owned by the same family for approximately 18 years with consistent preventative maintenance and numerous mechanical updates throughout ownership.

📈 Property Highlights

Five 3 Bed / 1.5 Bath townhome units
Private full basement for every unit
Individual laundry hookups
Private fenced patio for each unit
On-site parking
3 occupied | 2 vacant
Both vacant units are freshly turned, rent-ready, with market rents of $1,550/month each
2 of the 3 occupied units are month-to-month
both at $1,300
1 unit leased through February 2027 at $1,400/month
Current tenants are 100% cash-paying
Owner pays wastewater & trash only; tenants pay all other utilities
Newer furnaces, central A/C units, and several newer water heaters
Circuit breaker electrical panels throughout
Long-term ownership with consistent preventative maintenance