Check out this 4-unit investment property situated on a corner lot on North Main Street in Urbana. All units are rented and brings in $2,260 per month in rental income. Each tenant pays for the utility costs, except the water. The owner pays the water bill which averages $90 per month. Apt A is a first-floor unit with 1 bedroom, 1 bath, gas furnace, washer & dryer hook up and rents for $475.00 per month with a $475.00 deposit. Apt B is a first-floor unit with 2 bedrooms, 1 bath, gas furnace and rents for $675.00 with a $675.00 deposit. Apt C is a second-floor unit with 2 bedrooms, 1 bath, gas furnace and rents for $525.00 per month with a $525.00 deposit. The last unit is a first-floor studio with a full bath, electric baseboard heat, washer and dryer hook up (washer and dryer stay) and this unit rents for $585.00 per month with a $585.00 deposit. The range and refrigerator in each unit conveys with the property. Owner pays for trash pick up at a cost of $83.00 monthly. The brick apartment building has a covered front porch and off-street parking. Looking for an investment property to add to your portfolio or just starting out, be sure to check this one out.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
