If you're looking for a steady, no-drama investment that's already pulling its weight, this four-unit property might be your kind of quiet achiever. With all units currently leased to paying tenants and generating $2,450 in monthly income, it's the kind of place that starts working for you on day one.The building features a practical ground-floor layout with two one-bedroom and two two-bedroom units, all centered around a shared utility room. Each unit is equipped with its own HVAC and water heater, along with separately metered water and electric-keeping expenses streamlined and tenant responsibility clear.Major exterior updates have already been handled, including a newer roof (2016), gutters, buried downspouts, and sidewalks (2021) within the past decade. Inside, the units are modest but consistently rentable, with a solid track record of passing occupancy inspections when required.Set in a quiet, unassuming neighborhood near local schools and the GHS football field, this property doesn't rely on flash-it delivers on function. For investors, that means reliable occupancy now, with the opportunity to gradually introduce cosmetic updates over time and increase rental income as leases turn over.A straightforward investment with built-in cash flow and upside potential-sometimes the best opportunities are the ones that simply work.
Listed By
Agency Name: Bond County Realtors
Shown By
Agent Name: Alex Rose Anderson
Agent Phone: (618) 593-2002
Agency Title: Strano & Associates
Estimated Payment
$ 811.53 per month $445.11 Principal & Interest $308.08 Property Tax $58.33 Homeowner's Insurance
726 Eastern Avenue | MLS# 26015962
This multi-family property located at 726 Eastern Avenue , Greenville, IL 62246 is currently listed for sale with an asking price of $200,000. Eastern Avenue is located within the BOND DIST 2 school district. Search Greenville real estate on aranderson.strano.com today.