301 E Main St., Ogden, IL 61859

This is a really nice duplex on the east side of Ogden in good shape. The roof has recently been redone. This duplex was built by the owner back in approximately 1999 and has he enjoyed this property and the passive income it has created for him for over the past two decades. 301 is currently renting for $750/month. 303 is currently renting for $750/month. The tenant in 301 was a former construction client for the builder on a large product a number of years ago, so he has taken care of his tenant on his rent as a thank you for previous business. The new owner will probably want to bring the rent in line with current the current marketplace. After the rent adjustment you will be looking at approximately an 8.5 to 9 cap.