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2507 Sandhutton Ave, Rockford, IL 61108

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2507 Sandhutton Ave, Rockford, IL 61108

$3,300,000

Commercial # Stories: 0 Type: Duplex/ Fourplex MLS #: 29839021
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Courtesy of:
WILLIAM CHARLES REALTY, INC

Description of 2507 Sandhutton Ave, Rockford, IL 61108

•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. The 22 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. •Strong employment in the surrounding area. There are 30,650 employees working within a 5-minute drive of the property. •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.

Features of 2507 Sandhutton Ave, Rockford, IL 61108

  • Vinyl siding
  • Wood frame exterior
  • Units in building(s): 22
  • For sale

Mortgage Payments for 2507 Sandhutton Ave, Rockford, IL 61108

The approximate monthly Principal & Interest payment for this property would be $14,077. This payment is based on a 30-year loan at a fixed rate of 3.94 % with a down payment of $330,000. Actual lender interest rates and loan programs may vary.

Use our Mortgage Payment Calculator to determine a more exact payment estimate, or contact a Mortgage Advisor for expert assistance.

Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©Rockford Area Association of Realtors, Inc. All rights reserved.