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Description
Fourplex offering a compelling opportunity for investors seeking value-add potential. This all?one-bedroom, one-bath property is vacant and ready for repositioning. Conveniently located directly across from a park, the setting supports long-term rental appeal. Units have historically rented at approximately $400 per month, providing a clear baseline for income planning. With all units currently unoccupied, buyers have a clean slate to implement updates, establish market rents, and optimize operations. Ideal for investors looking to renovate, stabilize, and build equity in a small multifamily asset.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 2,824
County: Hancock
Listed By:
KL Real Estate Inc
319-325-3852
No Coast MLS
MLS ID: 6335455
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350 Van Buren Street, Warsaw, IL 62379.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $100,000 | $100,000 | $100,000 |
| Down Payment | $20,000 | $3,500 | $25,000 |
| Monthly Mortgage Amount | $473 | $565 | $608 |
| Taxes | $139 | $139 | $139 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $44 | $0 |
| Monthly Estimated Total | $712 | $848 | $847 |