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700 W Ferdon St, Litchfield, IL, 62056

18beds
10baths
8,781sqft
$899,000
$102price/sqft
$7,652/moest. monthly cost
$306,080/yrincome needed

About This Home

Investment Opportunity Awaits with this 100% Occupied Property! This well maintained 10 unit apartment complex for tenants ages 55+ offers a solid addition to any investment portfolio. Ideally located near shopping, dining, and everyday conveniences, with quick and easy access to Interstate 55. Units 1-4 were built in 2011 and Units 5-10 were built in 2016. Both roofs were installed in 2021 Interiors have 9 ft walls, 36" doors, 5' turn radius per room, and no steps. Units 1-4 have small detached storage buildings and concrete patios. Units 5 and 10 have storage rooms attached to unit just off covered concrete patio. Each unit includes refrigerator, stove, and dishwasher. Washer/Dryer hookups available. Current owners expenses: trash, mowing, and snow removal. Ask your agent for more information.

Getting Around

57
WalkingSomewhat Walkable
0
TransitVery Limited Transit
52
BikeBikeable

Schools

6/10
8/10
Litchfield Middle SchoolGrades 6-80.5 mi
9/10

Construction

Condition

  • Year built: 2011

Materials

  • Foundation: Slab
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Ranch
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Range,Refrigerator
  • Laundry features: Washer Hookup,In Unit

Bedrooms & Bathrooms

  • Bedrooms: 18
  • Bathrooms: 10

Features

  • Breakfast Bar
  • Finished area below ground: 0
  • Finished area above ground: 8,781

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 8,781
  • Total interior livable area: 8,781 sqft

Property

Details

  • Parcel number: 1032428001
  • Special condition: Standard

Features

  • Levels: One

Lot

  • Lot size: 0.89 Acres

Parking

  • Parking features: Open,Parking Lot
  • Has uncovered spaces: Yes