$190,000
$194,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
403 S Coler AVE Urbana, IL 61801
4 Beds
2 Baths
Key Details
Sold Price $190,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11887452
Sold Date 02/10/24
Bedrooms 4
Year Built 1940
Annual Tax Amount $6,131
Tax Year 2022
Lot Dimensions 49.5 X 57.71
Property Description
This is a coveted location that always rents easily. This property has been cared for by the owner and it shows. 403 Coler is a 2 unit property with newer kitchens, fresh and interesting interiors, a spiral staircase, and a loft apartment. Easy to rent. Rented through 7/24. The front unit is a one 3bedroom 1bathroom and rents for 1,100 per month. The backside unit is a loft apartment that rents for 700 per month. Each unit has a parking space and separate entrances. Shared laundry in the basement. Tenants pay their own Heat/Gas/electric and wifi. This is a low maintenance cash flowing investment property in a great neighborhood that I would argue is currently under rented. Close to campus yet tucked into West Urbana. Most comparable 1bedroom units rent for 895 and comps for 3bedroom units range in the 500 per bedroom range. This is a well above average rental with significant cashflow upside for 24-25. Don't miss this!
Location
State IL
County Champaign
Area Urbana
Rooms
Basement Partial
Interior
Heating Natural Gas
Equipment TV-Cable
Fireplace N
Exterior
Exterior Feature Deck
Community Features Sidewalks
Building
Sewer Public Sewer
Water Public
New Construction false
Schools
Elementary Schools Leal Elementary School
Middle Schools Urbana Middle School
High Schools Urbana High School
School District 116 , 116, 116
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with Daniel Gordon • RE/MAX REALTY ASSOCIATES-CHA