4 unit , well maint. multi-family apt. property. G. location, unit price $30-$40 under local rate. Room 4 inc.
Own Victorian/Queen Anne style four-unit apt. property. High initial refurb.complete. Invested in infrastructure and cosmetic decor. Struct. enginr. inspected. Plumb/elect inspect. June '08. (See at: http://www.ibs2008.com). Partial refurb. done between tenants. Modern low energy infrared unit heating. Mixed marketing, nets high occup. Thorough photo tour reaches regional aps. via newsp/ Internet expose. Quality candidates net low default rate. Most recent vac. (move fm out of town) netted 162 applicants. Tenant is local Meteorologist among other good prospects i.e RN, manager for major food dist. etc.
5 minutes walk from Bless. Medl/Hospital, 100 ft. frm new laundromat, two blocks from "open-late" convenient store, 1.5 miles from 2 major supermarkts, regular bus stop 50 ft., on highly patrolled police route. Steel outside doors with Brinks locks, motion outdoor spotlights. Frig, oven, microwave, window air, fire exting. no pest issues and more. U B interested in mang./finding buyer?
I remember showing this building a couple of times before the last sale; it was very rough and it would be interesting to see what kind of improvement has taken place. If you'd be interested in an opinion of value for resale I'd be happy to round up some recent investment sales to give you an idea of what buyers are expecting to pay for income-producing properties in Quincy at this time.
Please contact me for an appointment.
Glenn Swick Cel: 653-9910 email: glenn@glennswick.com
Century21 Broughton Team
3325 Maine St
Quincy, Il 62301
licensed in IL & MO
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