Caroline Ruhl
- Buy
- Sell
Description
Well-maintained 5-unit apartment building located within walking distance to schools, parks, churches, the YMCA, historic downtown Aledo, restaurants, shopping, and a movie theater. This property offers a strong investment opportunity with multiple unit types and a convenient in-town location. The building consists of five units, including one efficiency apartment (formerly office space) located at the front of the building, two 2-bedroom units on the main level, and two 1-bedroom units on the upper level. The three main-level units offer accessibility-friendly features. Recent updates include windows, flooring, insulation, appliances, downspouts, and heating systems, contributing to the overall maintenance and functionality of the property. At the time of listing, four units are tenant-occupied with established tenancy ranging from approximately 2 to 13 years. The efficiency unit is currently vacant, offering an opportunity for additional rental income. Buyer will assume existing leases.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bathrooms: 5
County: Mercer
High School: Mercer County High School
Listed By:
eXp Realty
833-835-5566
MRED MLS
MLS ID: 12629533
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501 SW 3rd Street , Aledo, IL 61231.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $189,500 | $189,500 | $189,500 |
| Down Payment | $37,900 | $6,633 | $47,375 |
| Monthly Mortgage Amount | $897 | $1,116 | $1,152 |
| Taxes | $264 | $264 | $264 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $83 | $0 |
| Monthly Estimated Total | $1,261 | $1,563 | $1,516 |
Caroline Ruhl
REALTOR®
Office: (563) 441-1776
Cell: (563) 441-1776
Licensed in IA & IL
Corporate Office
5704 Utica Ridge Road
Davenport, IA 52807
(563) 441-5200
Davenport, IA 52807
(563) 441-5200
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