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510 27th, Rock Island, Il 61201


SALE: $349,000 Multi-Family
  • MLS# 7037413
  • |Rock Island County
  • |5568 Sq. Ft.

More about 510 27th, Rock Island, IL 61201

Fantastic 8 unit building. Very well managed and maintained. Great condition. Furnaces inspected June of 2016, over 200k in improvements in the last 15 years. All windows replaced, plumbing, electrical, roof all replaced since early 2000's. All utilities are separated, even the water has individual meters. Building rents easily, rarely has a vacancy. Near downtown arts and entertainment district and very close to the Arsenal Bridge. On bus route, close to bike path. Turn key operation. Purchase also includes parcel 5381, (lot adjacent to property), with annual taxes included as stated above. Owner has several other properties for sale. Could be a package deal.Gross Operating income includes coin op laundry and billboard rental. Expenses reflects 1200 per year for on site manager.

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Fantastic 8 unit building. Very well managed and maintained. Great condition. Furnaces inspected June of 2016, over 200k in improvements in the last 15 years. All windows replaced, plumbing, electrical, roof all replaced since early 2000's. All utilities are separated, even the water has individual meters. Building rents easily, rarely has a vacancy. Near downtown arts and entertainment district and very close to the Arsenal Bridge. On bus route, close to bike path. Turn key operation. Purchase also includes parcel 5381, (lot adjacent to property), with annual taxes included as stated above. Owner has several other properties for sale. Could be a package deal.Gross Operating income includes coin op laundry and billboard rental. Expenses reflects 1200 per year for on site manager.

Listing Information
  • Year Built: 1910
Interior Features
  • Cooling: Central
  • Location: Neighborhood
  • Roof: Comp Shingle
  • Sewer: City Sewer
Exterior Features
  • Parcel ID: 5380
  • Zoning: Commercial
  • Annual Tax: 5126.52
  • Description: Free Standing,Multi-Tenant,2 Story
  • Tax Incentives: None
  • Heating: Forced Air
  • Directions: 5th Avenue to 27th Street
  • Three Phase: No
  • Total Units: 8
  • Total Buildings: 1
  • Style: Up & Down
  • Sale Includes: Land,Building,Equipment
  • Owner Pays: Common Area Maint,Insurance,Real Estate Taxes,Snow/Lawn,Trash,Structural Maintenance
  • Tenant Pays: Electric,Gas,Water/Sewer
  • Parking Space: 16
Lot Features
  • Lot size : 0.00
  • Acres: 0.00

Location for 510 27th, Rock Island, IL 61201


Drive direction to 510 27th, Rock Island, Il 61201


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