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4777 E STATE STREET, UNITS 9,10 & 12, Rockford, IL 61108

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4777 E STATE STREET, UNITS 9,10 & 12, Rockford, IL 61108

$410,000

Commercial 5,350 square feet Year Built: 1985 # Stories: 0 Type: Executive Suites, Medical MLS #: 29644600
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Description of 4777 E STATE STREET, UNITS 9,10 & 12, Rockford, IL 61108

INVESTMENT OPPORTUNITY - TWO UNITS CURRENTLY LEASED.-- UNIT 10 (2,400SF) AND UNIT 12 (1,950SF) OCCUPIED BY REGIONAL "HELP AT HOME" AGENCY HAVING A FIVE YEAR LEASE AS OF JUNE 01, 2016 WITH 2 - 5 YEAR RENEWABLE OPTIONS; THIRD UNIT# 9 (1,000 SF) AND AVAILABLE AS OF 9/1/16-- THIS UNIT WAS RENTED FOR $1070 GROSS; AVERAGE ANNUAL NET OPERATING INCOME $27,652.00 FROM UNITS 10 AND 12. IDEAL FOR END USER FOR THE 1,000 S/F AS AN INVESTMENT -- PAY FOR THE MORTGAGE AND HAS POSITIVE CASH OVER $1,600 ANNUALLY. TOTAL SIZE 5,350S/F. LOCATED JUST EAST OF ALPINE ROAD ON THE SOUTH SIDE WITH E. STATE STREET. EXPOSURE. GREAT LOCATION ON ONE OF THE MOST HEAVILY TRAVELED STREET IN AREA.

Features of 4777 E STATE STREET, UNITS 9,10 & 12, Rockford, IL 61108

  • Lot zoned: C2
  • Total square feet: 5,350 SF
  • For sale

Mortgage Payments for 4777 E STATE STREET, UNITS 9,10 & 12, Rockford, IL 61108

The approximate monthly Principal & Interest payment for this property would be $1,830. This payment is based on a 30-year loan at a fixed rate of 4.32 % with a down payment of $41,000. Actual lender interest rates and loan programs may vary.

Use our Mortgage Payment Calculator to determine a more exact payment estimate, or contact a Mortgage Advisor for expert assistance.

Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©Rockford Area Association of Realtors, Inc. All rights reserved.