203 6th St

Hampton, IL 61256 View Map $115,000 Schedule a Tour
Beds5
On Site331 days
Year1940
Rich Bassford

Rich Bassford

(309) 292-3681

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Status: Active
Property Type:Residential Income
MLS #:QC4243017
On Site:331 Days
County:Rock Island
All buyers must be pre-approved or have a proof of funds letter. All tenants are month-to-month long-term tenants. This triplex houses 2 2-bedroom units and 1 efficiency unit. One aspect that adds further value to this triplex is the existence of long-term, month-to-month tenants. Having these tenants already in place provides a stable and predictable rental income stream from day one. It eliminates the immediate concern of finding new tenants and reduces the risk of vacancies, allowing for consistent cash flow. This 3-unit triplex is an excellent investment opportunity. The inclusion of multiple water heaters, heating units, and central air units enhances tenant satisfaction, while the presence of long-term, month-to-month tenants ensures a stable rental income. With its versatile unit mix, reliable systems, and established tenant base, this triplex presents a compelling investment prospect with the potential for long-term financial success.

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$000 Monthly Payment
Loan and interest only.

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Price Change History

Date Old Price New Price Percent Change
7/26/2023$135,000$125,000-7.4%
9/29/2023$125,000$115,000-8%

Community Information

Address:203 6th St, Hampton, IL 61256
City:Hampton
Subdivision:Hampton
Zip Code:61256

School Information

High School:United Township

Architecture

Bedrooms: 5
Year Built:1940
Construction Materials: Vinyl Siding
Roof: Shingle
Foundation: Brick
Basement: Unfinished
Parking Features: Detached, On Street
Parking Total: 3

Features / Amenities

Heating: Gas

Property Features

Lot Dimensions:82X129
Lot Features: Level
Water: Public Sewer, Public
Road Surface: Paved
Directions:North on IL 84; Left on 6th Street; Right on 2nd Ave Ct. to home on left

Tax and Financial Info

Tax Year: 2022
Tax Annual Amount: $3,688.40
Lease Terms: Month To Month
Gross Income: $24,000
Net Income: $20,312
Documents Available: Legal Description
Legal Description: Lot 8 Block 8 Hampton Town of Hampton S 20 Ft Lot 7 and All

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203 6th St Hampton,  IL 61256
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203 6th St Hampton, IL 61256
 
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Listing Information Last Updated 4/17/2024
Listing provided courtesy of Richard Bassford, RE/MAX Concepts Bettendorf ([email protected]).
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than RE/MAX Concepts and The Rich Bassford Team are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.