400 S 7th Street, Quincy, IL 62301

Property Description

Fully occupied 8-unit multifamily investment property built in 2013 with current gross rental income of $7,100/month ($85,200 annually). Seven units rent for $900, and one for $800. All Units feature open floor plans, 2 bedrooms and 1 bath, as well as in-unit washer/dryer hookups. Tenants pay all utilities except garbage. Numerous updates have been completed throughout the units, including flooring, appliances, and bathroom improvements. Each unit has its own furnace, central cooling, and electric water heater. Property includes sprinkler systems, one private off-street parking space per unit, plus additional off-street parking. An established income-producing property with strong amenities and tenant appeal. Interior photos submitted by seller.