$1,225,000
MLS #: 29842449
Property Photo

Description of 2547 Edson St, Rockford, IL 61103

•Hudson Place is a 16-unit condominium project. Seven of the units were sold to private owners from 2006 to 2008. The remaining 9 units were committed to a leasing program and have been operated as rental units for over six years. The 9 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 financially stable 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 46,000 employees working within a 5-minute drive of the property. Nearby major employers include: Rockford Health Systems, Ingersoll Milling Machine, GE Aviation and Wesley Willows.•Highly visible location. Main entrance off North Main Street, a major north-south corridor (State Hwy 251) on Rockford’s near west side.•North Main Street will be completely reconstructed and improved over the next two years. Improvements will include wider driving lanes, new walking paths and landscaping.•Future potential of selling the units at higher prices to individual homeowners as the housing market improves.

Property Features of 2547 Edson St, Rockford, IL 61103

TYPE
Duplex/Fourplex
Year Built
2005
Stories
0
Features
Vinyl siding
Brick exterior
Lot zoned: R2
Units in building(s): 9
For sale
Courtesy of: WILLIAM CHARLES REALTY, INC

Homes for Sale Nearby 2547 Edson St, Rockford, IL 61103

Recent Sales Nearby 2547 Edson St, Rockford, IL 61103



Community information and market data Powered by Onboard Informatics. Copyright ©2018 Onboard Informatics. Information is deemed reliable but not guaranteed. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

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.