2012 Vawter Avenue, Urbana, IL

$560,000

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About 2012 Vawter Avenue

Turnkey, updated, and fully rented 7-unit investment opportunity!! Five of the units are spacious townhouse-style 2-bedroom layouts featuring 1.5 bathrooms and generous living space. All units offer great natural light and functional flow. These bi-level townhome-style units rent easily, have smooth turnover, and include central air and designated parking. The property features 5 covered parking spaces plus 2 additional off-street spots. There is also a basement common area with designated spaces for laundry units along with tenant storage. Potential for increased rental income with HACC vouchers offering 2-bedroom units up to $1,122 and 1-bedroom units up to $934, creating a total potential cash flow of $7,854/month. Tenants pay their own gas, electric, and water, helping maximize returns. This conscientious owner has invested approximately $100,000 in improvements, including a new roof, multiple HVAC systems, and extensive unit renovations. A full list of upgrades is available in additional documents. Fully rented and meticulously maintained, this is a rare opportunity to step into immediate cash flow from day one!

Features of 2012 Vawter Avenue

MLS® # 12605088
Price $560,000
Bathrooms 0.00
Year Built 2001
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 2012 Vawter Avenue
Area Urbana
City Urbana
County Champaign
State IL
Zip Code 61801

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Exterior

Exterior Wood, Brick, Vinyl Siding

Additional Information

Days on Market 151
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColdwell Banker R.E. Group

Listing Map

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