730 N DIRKSEN Parkway
Property Description
INVESTMENT OPPORTUNITY WITH ROOM TO GROW! Rare opportunity to acquire FOUR single-family homes situated together on a sprawling 1.79-acre parcel along the highly traveled Route 29 corridor, with a 14,800 average annual daily traffic count! This unique investment package offers immediate rental income with additional upside potential. Three of the four residences are currently occupied, generating a combined $2,225 in monthly rental income, while the fourth is vacant with an anticipated rental rate of $800-$850 per month. Once fully occupied, the property offers projected gross rental income of $3,025-$3,075 monthly! But the opportunity doesn't stop there! The parcel previously accommodated a FIFTH residence that was lost to fire and subsequently removed, with utilities remaining in place for a potential replacement home. Subject to applicable approvals, this presents an exciting opportunity to further expand the property's income-producing capabilities. Conveniently located with easy access to shopping, dining, and major thoroughfares, this package offers investors an appealing combination of established rental income, additional acreage, and future possibilities. FOUR homes, ONE parcel, and plenty of potential!
Broker Details
The Real Estate Group, Inc. (217) 787-7000
MLS ID: CA3319 State License Number: 475144896
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $225,000 |
| No. of Units: | 4 |
| Opportunity Zone: | No |
| Price per unit: | $56,250 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 4 |
ID: 3yd-PAARIL-CA1047121
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