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513 Red Bud LN Troy, IL 62294
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Key Details
Sold Price $425,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 6,120 sqft
Price per Sqft $69
Subdivision Summertree
MLS Listing ID 19090753
Sold Date 02/07/20
Construction Status 30
Year Built 1990
Building Age 30
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-il
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Laundry Prvt Laund all units
Exterior
Parking Type 2+ Space/Unit, Parking Lot
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer,Cedar
Construction Status 30
Schools
Elementary Schools Triad Dist 2
Middle Schools Triad Dist 2
High Schools Triad
School District Triad Dist 2
Others
Ownership Private
Acceptable Financing Cash Only, Conventional, FHA
Listing Terms Cash Only, Conventional, FHA
Special Listing Condition No Exemptions, None
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Bought with Michelle Hawthorne