EHOListing courtesy of The Agency X · Listing data courtesy of MRED via MLS Grid. Information is deemed reliable but is not guaranteed accurate — buyers should independently verify all details. TreeHaous is committed to equal housing opportunity.
Excellent investment opportunity in Rockford! This fully occupied 8-unit multifamily property features eight 1-bedroom, 1-bathroom apartments, offering immediate rental income and potential for future growth. The property generates $60,900 in annual GOI with a reported NOI of $41,745, representing a 9.82 cap rate at the asking price of $425,000. Featuring an attractive brick exterior and a convenient location 3 minutes from downtown Rockford, this property presents a great opportunity for investors looking to expand their portfolio with an established income-producing asset.