217 E 3rd St Byron, IL 61010

This property has not increased rent since December 2019. If rates were brought up to current market value, the cap rate will increase. All measurements are estimated and should be confirmed by buyer. Listing office license #478.026891. Earnest money held by Kenzley Title at 117 S Lafayette Byron, IL 61010 or online at http://www.kenzleytitlegroup.com then Kenzley EPay. All offers to be submitted on Winnebago County Board & NorthWest Illinois Alliance of Realtors approved contract, see Document Investment Opportunity - Fully Rented 8-Unit Multifamily Property Near Town! Discover this well-maintained 8-unit multifamily property offering an excellent investment opportunity with consistent rental income. Conveniently located close to town, this property features eight studio apartments, each equipped with a refrigerator, stove, and either a wall or window A/C unit for tenant comfort. The building is thoughtfully designed with four units on the upper level and four on the lower level, connected by central carpeted hallways on each floor. Each unit is separately metered for electricity, allowing tenants to pay their own electric bills. The landlord covers water, sewer, and garbage, simplifying utility management. All units are currently fully rented, making this a turnkey investment with immediate cash flow potential. Whether you're expanding your portfolio or seeking your first multifamily investment, this property offers reliable returns and long-term potential. Don't miss this opportunity!