901 State Route 10 W
Property Description
901 State Route 10 West presents a unique income-producing opportunity featuring two all-brick buildings situated on a prominent corner lot measuring approximately 103 x 125 x 15.61 x 103 x 100. Formerly known as the historic Red Diamond Hotel, this property offers character, flexibility, and strong rental potential with a total of 10 residential units. The larger brick building consists of eight units, including Apartment 1 featuring a bedroom and eat-in kitchen, Apartments 2-7 which are efficient studio-style layouts with single-room living, and Apartment 8 offering an open-concept living room and kitchen with a separate bedroom. The second smaller brick building contains two additional units and its own dedicated boiler room. Apartment 9, originally utilized as the hotel office, is the largest unit on the property and features a kitchen, living room, and two bedrooms. Apartment 10 is a studio-style unit with a single-room layout. Additional property features include separate gas service to the buildings, a single electric meter resulting in one centralized electric bill, and a storage shed that will remain with the property. Conveniently located just off State Route 10 with excellent accessibility, this property offers investors a rare blend of historic charm, multiple unit configurations, and consistent income potential.
Broker Details
Green Acres Real Estate (217) 935-0000
MLS ID: 970503 State License Number: 471017741
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $180,000 |
| No. of Units: | 10 |
| Year Built: | 1953 |
| Opportunity Zone: | No |
| Price per unit: | $18,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 11 |
| Number of Bathrooms: | 10 |
ID: 3yd-MREDIL-12582094
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