Exceptional Investment Opportunity: This prime real estate includes 58 rental pads, presenting a significant value-add potential. Spanning over 18.32 acres, the main property also comes with an additional 20 acres rich in timber. Ideally situated just outside the Quincy, IL city limits, the property benefits from RU1 zoning. There are several value add opportunities that can be addressed quickly to raise income. Competitively priced at $925,000, the owner is highly motivated and open to negotiations for a prompt sale.
View full listing details| Price: | $925,000 |
| Address: | 7200 STATE Street |
| City: | Quincy |
| County: | Adams |
| State: | Illinois |
| Zip Code: | 62305 |
| MLS: | CA1026401 |
| Acres: | 38.320 |
| Lot Square Feet: | 38.320 acres |
| sewer: | Lagoon |
| cooling: | Individual Units |
| heating: | Electric |
| parcel2: | 20-0-0075-000-00 |
| taxYear: | 2022 |
| apptPhone: | (217) 440-3100 |
| inputType: | CIE |
| mlsStatus: | Pending (No Showings) |
| utilities: | Electric to Site, Phone Connected, Sewer Connected, Water Connected |
| agentOwned: | no |
| directions: | East on State Street, North on Timber Ridge Ln and before Lucinda Ln. |
| lvtDateMLS: | 2023-12-11 |
| locationMLS: | Rural |
| lotFeatures: | Gentle Sloping |
| possibleUse: | Investment, Other |
| waterSource: | Municipal/City |
| frontageType: | City Street |
| mlsAreaMinor: | Quincy |
| parcelNumber: | 20-0-0134-000-00 |
| waterCompany: | District / Lagoon |
| searchPriceMLS: | 925000 |
| electricCompany: | Ameren |
| taxAnnualAmount: | 9610.92 |
| currentFinancing: | Cash Only, Conventional |
| listingAgreement: | Exclusive Right To Sell |
| 100YearFloodPlain: | No |
| firstPhotoAddDate: | 2023-12-11T19:35:11.2 |
| lotSizeSquareFeet: | 1484659 |
| documentsAvailable: | Aerial Photos, Appraisal, Demographics, Leases, Legal Description, Other, Traffic Counts |
| agentRelatedToOwner: | no |
| confidentialListing: | MLS Listing |
| listingContractDate: | 2023-12-11T00:00:00+00:00 |
| allowedUseCaseGroups: | IDX |
| grossOperatingIncome: | 147253 |
| purchaseContractDate: | 2024-02-29T00:00:00+00:00 |
| statusChangeTimestamp: | 2024-02-29T00:00:00+00:00 |
| totalOperatingExpense: | 68685 |
| addressSearchNumberMLS: | 7200 |
| listingVisibilityTypeMLS: | MLS Listing |
| internetConsumerCommentYN: | yes |
| agentIsDesignatedManagingBroker: | no |
| internetAutomatedValuationDisplayYN: | yes |
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