Mc Henry, US
Are you looking for a turn key investment with positive cash flow & potential for more?? Here it is! A 20000 sq.ft. two story brick building zoned downtown commercial. Previously a community center. It Currently consists of some office space & 9 furnished residential apartments rented for $110-155 per week with all utilities paid. (average of $4940. per month or $59,280. per year). Rarely a vacancy. Two and a half community baths and laundry room and a rec room/kitchen provided. The 400 sq. ft. office space rented for $650. per month (he's been here 14 years!), potential for many more. So total income per year is $67,080. Two public washrooms off the lobby. theres Warehouse/ garage along back currently used by the owners. Nearly 10,000 sq. ft. of unfinished space is ready for your ideas. The possibilities here are endless.
Courtesy Of: RE/MAX Connections II
Feature Highlights
- Built Before 1978
General Features
- List Date:
- 10/14/2019
- Foundation Type:
- Concrete
Interior Features
- Agent Owned/Interest:
- No
Exterior Features and Amenities
- Area:
- Harmony / Marengo
- Lot Dimensions:
- 91'X155'X81'X150'
- Exterior Building Type:
- Brick
Financial
- Listing Type:
- Exclusive Right To Sell
- Update Date:
- 2020-03-09T05:05:45
- Sale Terms:
- Cash Only
- Taxes:
- 5984
- Status Date:
- 2020-03-09T05:05:45
- Possession:
- Tenant's Rights
- Net Oper Income:
- $44,963.00
- Market Time:
- 893
- Listing Market Time:
- 342
- Last List Price:
- 390000
- List Date Received:
- 2019-10-15T16:45:18
- Gross Rental Income:
- $67,080.00
- Electricity Expense:
- 3861
- Cooperative Compensation:
- 2.5%-$250
Other Features
- Approx Year Built:
- 1900
- Township:
- Marengo
- Zoning Type:
- COMMR
- Are any property photos virtually staged?:
- No
Directions
North on Rt.23 from Rt.20, west on Washington, right on Ann St. right on Prairie (one way street), on left.
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Data last updated: 2024-09-22.
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