Price Reduced Listing
Description
Turnkey investment opportunity! This well-maintained triplex has been proudly owned by the same family since 1977 and offers immediate cash flow with all three 2-bedroom, 1-bath units fully rented. Current rental income totals $2,600 per month, with rents of $800, $800, and $1,000. Tenants pay their own gas and electric, helping minimize owner expenses. One tenant has called the property home for 22 years, demonstrating the property's long-term rental appeal and stability. Two of the three units (1001 & 10011/2) have been thoughtfully updated with new windows, flooring, bathrooms, paint, and more, while the third unit offers the opportunity for future updates and additional value. Amenities include coin-operated laundry, private 3' x 5' basement storage areas for each tenant, and one off-street parking space per unit. Major improvements include a new roof and gutters (2020), new water heater (2023), new sump pump (2024), and new electric meters for each unit. Heat is provided by a boiler system with window A/C units. This solid, income-producing property combines decades of pride of ownership, numerous capital improvements, dependable long-term tenancy, and immediate cash flow-making it an outstanding addition to any investment portfolio. "all information is estimated and should be fully verified by buyers and buyers agents for full accuracy" Can be sold as a package with MLS 12716005
Details
| MLS # | 12716027 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1977 |
| Days On Site | 63 |
| Listing Provided By | QC Reserve - Real Broker, LLC | Lisa Carstens |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Acreage | 0.22 |
Interior
| Rooms Total | 12 |
|---|---|
| Heating | Steam |
Exterior
| Roof | Asphalt |
|---|---|
| Foundation Details | Concrete Perimeter |
| Lot Features | Level |
| Construction Materials | Brick |
Parking
| Parking Features | Off Street |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 4472.04 |
Area Information
| State | IL |
|---|---|
| County | Rock Island |
| City | Silvis |
| Zip Code | 62182 |
| Area | Silvis |
| Listing VS Median (in 62182) | |
Price: $239,900 low | high Med: $0 On site: 63 low | high Med: | |
Market Activity 62182
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Learn More About This Property
| State | IL |
|---|---|
| County | Rock Island |
| City | Silvis |
| Zip Code | 62182 |
| Area | Silvis |
| Listing VS Median (in 62182) | |
Price: $239,900 low | high Med: $0 On site: 63 low | high Med: | |
