$2,695,000
Was $2,775,000
MLS #: 201806212

Description of XX Sandhutton Avenue, ROCKFORD, IL 61108

17-Unit INVESTMENT OPPORTUNITY! Walden Woods is a 52-unit condominium project. Thirty of the units were sold to private owners from 2005 to 2008. The remaining 22 units were committed to a leasing program and have been operated as rental units for over six years. 4 of these units sold in 2018 another in 2019. The remaining 17 units are being offered in a package as an investment opportunity. Unit exterior and interior finishes built to high-quality condominium standards. The condominium association is well managed and its capital reserve account fully funded. Great current return on investment with an excellent history of high occupancy at market rent. Strong employment in the surrounding area. Highly visible location. Main entrance on Harrison Avenue, a major east-west corridor on Rockford's south side. Future potential of selling the units at higher prices to individual homeowners as the housing market improves. Broker Interest

Property Features of XX Sandhutton Avenue, ROCKFORD, IL 61108

SCHOOL DISTRICT
Rockford 205
TYPE
5+ Units
Year Built
2007
Features
Elementary school: A C Thompson Elementary
Middle school: Bernard W Flinn Middle
High school: Rockford East High
School district: Rockford 205
Central air
Parking spaces: 2
Units in building(s): 2
Tax year: 2017
Courtesy of: AC Johnston Realty, Inc

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