305 S Elm St.

The next addition to your investment property portfolio is 305 S Elm, Champaign! This charming, renovated home has many of the details and character of older construction, but the efficiencies and updates of a much more modern property. Unit A, located on the first floor, is over 1220 square feet and features two bedrooms, two full bathrooms, a living area, and an eat-in kitchen. This unit still has many of the original stained-glass windows, original unpainted woodwork, and functioning pocket doors. This unit is leased for $900 per month, now month-to-month but the renter would like to renew for a longer period of time if it is the buyer's preference. Unit B is located on the second floor and is a 2-bedroom, 1 bathroom unit with an eat-in kitchen, and is leased through August 14 to a longer-term renter for $625 per month. Unit C is a studio unit, with a full bath and a kitchenette. This unit has income potential both as a long-term rental (previously rented for $350 per month). The detached two-car garage has additional income potential. This property has the potential for "house hacking", where you can live in one unit and have the rent from the others pay your mortgage and expenses. The owner pays for water, trash, sewer, lawn care, and electric and gas combined for Units A and C. Unit B is all-electric and paid by the renter. The roof was replaced within the last five years. Property to be sold in AS-IS condition. Hurry, this one will not last long!