Ray McDevitt
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Historic charm meets investment opportunity! This beautiful 1884 brick building located on Main Street offers a unique opportunity to own a well-maintained, fully occupied mixed-use property featuring six commercial and residential units. The original historic facade and classic brickwork provide timeless character, while numerous recent improvements add value and help reduce near-term maintenance concerns. The commercial spaces include a photography studio with private restroom and separate basement access, along with a dance studio featuring new flooring, private restroom, and separate basement access. The residential portion offers four apartments, including studio, one-bedroom, and three-bedroom layouts. Recent updates include a new roof in 2021, replacement of the sewer line beneath the photography studio, new supply lines to apartments 5 and 6, new flooring, fresh paint, an updated kitchen, and additional plumbing improvements. The spacious three-bedroom apartment offers approximately 1,200 square feet with a new kitchen, updated dining area flooring, and two living spaces. Three units are currently on month-to-month agreements, with tenants willing to sign new leases, providing flexibility for the next owner to establish their preferred rental terms. With all six units occupied, this property offers an excellent opportunity to own a piece of local history while generating income from multiple sources. Don't miss this unique investment opportunity!
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1884
General Information
County: McLean
Listed By:
Home Sweet Home Realty
MRED MLS
MLS ID: 12801102
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123 E Center Street , Le Roy, IL 61752.
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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 | $300,000 | $300,000 | $300,000 |
| Down Payment | $60,000 | $10,500 | $75,000 |
| Monthly Mortgage Amount | $1,557 | $1,911 | $1,929 |
| Taxes | $418 | $418 | $418 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $132 | $0 |
| Monthly Estimated Total | $2,075 | $2,561 | $2,447 |
Ray McDevitt
REALTOR®
Office: (563) 441-5228
Cell: (563) 940-0754
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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