211 N Main St., Farmer City, IL 61842

211 N Main St., Farmer City, IL 61842
Photo 1 of 1
$215,000
Sold on 12/14/21
Beds Baths Sq. Ft. Taxes Built
8 0.00 0 $7,336 2004
On the market: 104 days
View full details, 15 photos, school info, and price history
High quality townhome complex. Desirable 3 unit building. With 2 single story units and 1 two story units. Both 3 bedrooms are ranch style and handicap accessible. The 2 bedroom home is upstairs. Each unit has their own 1 car attached garage, and elevated balcony style decks with views of the common area. Built new in 2004, these units are always rented with a waitlist. These rentals are the best show in town. They are high quality and cash flow beautifully. Each unit consistently brings in $725-$775/month. Tenant pays utilities. Over $26,000 in gross revenue, with an annual N.O.I of over 17k. Cap Rate is an attractive 7.74% Other quality units can be purchased in a much larger bundle. Lots of common space behind the home. Cheap interests rates make it a great time to buy investments. These are conveniently located near downtown and the square.
Listing courtesy of Nate Evans, eXp Realty-Mahomet