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2547 Edson St, Rockford, IL 61103

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2547 Edson St, Rockford, IL 61103

$1,225,000

Commercial Year Built: 2005 # Stories: 0 Type: Duplex/ Fourplex MLS #: 29842449
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Courtesy of:
WILLIAM CHARLES REALTY, INC

Description of 2547 Edson St, Rockford, IL 61103

•Hudson Place is a 16-unit condominium project. Seven of the units were sold to private owners from 2006 to 2008. The remaining 9 units were committed to a leasing program and have been operated as rental units for over six years. The 9 units are being offered in a package as an investment opportunity. •Unit exterior and interior finishes built to high-quality condominium standards. •The condominium association is financially stable and its capital reserve account fully funded.•Great current return on investment with an excellent history of high occupancy. •Strong employment in the surrounding area. There are 46,000 employees working within a 5-minute drive of the property. Nearby major employers include: Rockford Health Systems, Ingersoll Milling Machine, GE Aviation and Wesley Willows.•Highly visible location. Main entrance off North Main Street, a major north-south corridor (State Hwy 251) on Rockford’s near west side.•North Main Street will be completely reconstructed and improved over the next two years. Improvements will include wider driving lanes, new walking paths and landscaping.•Future potential of selling the units at higher prices to individual homeowners as the housing market improves.

Features of 2547 Edson St, Rockford, IL 61103

  • Vinyl siding
  • Brick exterior
  • Lot zoned: R2
  • Units in building(s): 9
  • For sale

Mortgage Payments for 2547 Edson St, Rockford, IL 61103

The approximate monthly Principal & Interest payment for this property would be $5,469. This payment is based on a 30-year loan at a fixed rate of 4.32 % with a down payment of $122,500. 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.