$230,000
$234,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,988 SqFt
SOLD DATE : 04/03/2024
Key Details
Sold Price $230,000
Property Type Condo
Sub Type Condo-Duplex,Low Rise (1-3 Stories)
Listing Status Sold
Purchase Type For Sale
Square Footage 1,988 sqft
Price per Sqft $115
Subdivision Schleppers Sub
MLS Listing ID 11908446
Sold Date 04/03/24
Style Bungalow
Bedrooms 4
Full Baths 2
Year Built 1935
Annual Tax Amount $2,895
Tax Year 2021
Lot Size 7,405 Sqft
Property Description
Welcome to this fantastic upstairs-downstairs duplex, located in the heart of Effingham. Whether you're an investor looking for a solid return or a homeowner seeking rental income potential, this property offers both. With a remarkable 9% Cap Rate, it's an excellent addition to your investment portfolio, or a creative way to reduce your primary homes mortgage expense. Upstairs Unit: - Charming 2-Bedroom 1 Bathroom layout - Cozy living room with plenty of natural lighting - Gorgeous original woodwork around doors and trim - New LVP in 2022 - Current Rent $1,550 Fully Furnished Downstairs Unit: -Spacious 2-Bedroom 1 Bathroom Layout -Formal Dining Room -Modern Kitchen with Granite Countertops -Updated Bathroom with His and Hers Sinks -Cozy Sunroom -Gorgeous Wood Floor and Built-ins throughout -Current Rent $1300/ month with 2.5 Car Detached Garage
Location
State IL
County Effingham
Rooms
Basement Full
Interior
Interior Features Walk-In Closet(s), First Floor Bedroom
Heating Natural Gas
Cooling Central Air
Fireplaces Number 1
Fireplace Y
Appliance Cooktop, Range, Range Hood, Microwave, Dishwasher, Refrigerator, Washer, Dryer
Exterior
Garage Detached
Garage Spaces 2.5
Waterfront false
View Y/N true
Roof Type Asphalt
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 40, 40, 40
Others
Special Listing Condition None
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Bought with Alex Steppe • RE/MAX Key Advantage
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "