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718 Seminary St, Rockford, IL, 61104

--beds
--baths
2,450sqft
$320,000
$131price/sqft
$2,821/moest. monthly cost
$112,840/yrincome needed

About This Home

Turnkey Furnished Rental Portfolio – Fully Occupied with Proven Income & Excellent Reviews. Exceptional opportunity to acquire a fully stabilized 6-unit furnished rental property with consistent occupancy, strong income performance, and a well-established reputation. This property operates as a successful mid-term rental portfolio catering to travel professionals and extended-stay tenants, generating approximately $115,200 in effective gross income and an estimated Net Operating Income of $100,680. All units are fully furnished, consistently occupied, and supported by excellent tenant reviews, reflecting the quality and care put into the property. Well-maintained and professionally managed, this asset offers a true turnkey, plug-and-play investment with immediate cash flow. The property can be purchased individually or together as part of a package with 712 Seminary Street and 722 Seminary Street.

Getting Around

73
WalkingVery Walkable
0
TransitVery Limited Transit
61
BikeBikeable

Schools

3/10
1/10
Rockford East High SchoolGrades 9-122.1 mi

Construction

Condition

  • Year built: 1927

Materials

  • Roof: Shingle
  • Construction materials: Brick/Stone

Type & Style

  • Home type: MultiFamily
  • Property subType: 2 Units

Interior

Appliances

  • Appliances included: Dryer,Microwave,Refrigerator,Stove/Cooktop,Oven,Washer,Natural Gas Water Heater
  • Laundry features: In Unit

Basement

  • Has basement: Yes
  • Basement: Full

Features

  • Finished area below ground: 0
  • Finished area above ground: 2,450

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 2,450
  • Total interior livable area: 2,450 sqft

Property

Details

  • Parcel number: 1126178007
  • Zoning: R1

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio

Lot

  • Features: On Bus Route

Parking

  • Total spaces: 3
  • Parking features: Additional Parking