Description

Fantastic money maker at West Madison. Gross Monthly Rent is $1,820 - the cap rate is well over 10! Four 1 bedrooms and one 2 bedroom - all occupied by tenants of over 1 year and 2 over 3 years. All pay on time. I am moving on to a new project. I will trade if you have over 10 acres within 25 minutes of Springfield. Here are the details for you: 611 - 615 West Madison, built in 1929, the triplex (building in back) was brought completely up to code in 2009, tenants pay utilities except water/sewer/trash, lot is 54X194, 80% of all the appliance are just over 1 year old, newer furnances in three of the five units, newer water heaters in three of the five units, in 2011 the property tax was $789.70. That should answer most questions,