Apartment Complex - Galena, IL
Great investment opportunity. This 6 unit apartment building is located on Park Avenue right across the street from the Galena bridge. Two of the four 2 bedroom units currently receive $575 per month in rent and the other 2 bedroom unit is currently receiving $550 per month. The two 1 bedroom units receive $350 per month. The annual income is $35,400. The landlord pays for water and garbage which is approximately $275 per month, plus $100 every six months to rent the dumpster. The electric is split and every unit has its own furnace. Hallway lighting electricity cost is around $30 per month. Owner installed in March of 2017 new basement drainage and new concrete floor.
Would you like more information regarding this property?
Please call (815) 777-1212.
Data Provided by:
Realtor Association of Northwestern Illinois