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3315-3317 Boulder Ridge Drive

Champaign, IL 61822
  • $450,000
  • STATUS: Active Under Contract
  • ON SITE: 52 Days
  • MLS #: 12140397
Under Contract
UPDATED: 48 min ago
$450,000
  • 6
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2021
County:
Area:

School Information

Elementary School:
High School:
School District:
4

Description

Duplex opportunities available in NW Champaign backing up to the water. 8 have already sold. At only 4 years old, this duplex is bringing in $43,500 in annual rent. Units are currently at. 1800/month one at 1900. There are comps that are renting for as high as 2100/month. Tenants pay for all utilities. HOA Fee is 125/unit/year. Solar Panels have been installed on each unit (and are paid for) with EV Hookups in both garages. The Electric bills are next to nothing, saving your tenants money making them easier to rent. At 4 years old these are essentially maintenance free with no capital improvements needed in the foreseeable future. It's a great "Value-Add" opportunity by simply increasing the rents. Most tenants are long term tenants. Half of these units actually happen to back up to the water, so just great views to enjoy. There is a community common area less than 1 block away, and Subdivision Park with trails, basketball and tennis courts, sledding hills, and skate park. The location is near University of Illinois and Parkland College. Leases on file. NOTE: Owner owns a total of 14 units in this SubD. They are willing to bundle and create unique packages. Ask about the other duplexes available. Owner is only selling to completely dissolve their portfolio and heading to retirement.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Main Place Real Estate. Based on information submitted to the MRED as of 2024-10-08T08:59:25.11 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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3315-3317 Boulder Ridge Drive Champaign, IL 61822

  • Price: $450,000
  • Status: Active Under Contract
  • On Site: 52 Days
  • Updated: 48 min ago
  • MLS #: 12140397
6
Beds
0
Baths
0
½ Baths
N/A
Acres
2021
Built
Neighborhood:
Champaign
County:
Champaign
Area:
Champaign
Elementary School:
Champaign Elementary School
Middle School:
Champaign Junior High School
High School:
Champaign High School
School District:
4
Property Description
Duplex opportunities available in NW Champaign backing up to the water. 8 have already sold. At only 4 years old, this duplex is bringing in $43,500 in annual rent. Units are currently at. 1800/month one at 1900. There are comps that are renting for as high as 2100/month. Tenants pay for all utilities. HOA Fee is 125/unit/year. Solar Panels have been installed on each unit (and are paid for) with EV Hookups in both garages. The Electric bills are next to nothing, saving your tenants money making them easier to rent. At 4 years old these are essentially maintenance free with no capital improvements needed in the foreseeable future. It's a great "Value-Add" opportunity by simply increasing the rents. Most tenants are long term tenants. Half of these units actually happen to back up to the water, so just great views to enjoy. There is a community common area less than 1 block away, and Subdivision Park with trails, basketball and tennis courts, sledding hills, and skate park. The location is near University of Illinois and Parkland College. Leases on file. NOTE: Owner owns a total of 14 units in this SubD. They are willing to bundle and create unique packages. Ask about the other duplexes available. Owner is only selling to completely dissolve their portfolio and heading to retirement.
Exterior Features

Exterior Building Type Vinyl Siding Exterior Features Patio Garage Details Transmitter(s) Garage Onsite Yes Garage Ownersite Owned Garage Type Attached Is Parking Included In Price Yes Lot Size Less Than .25 Acre Multi Family Type Duplex Side by Side Parking Details Garage Parking Total 2 Roof Asphalt Waterfront YN Yes

Interior Features

Basement Slab Basement Bathrooms YN No Basement Details None Bedrooms Below Grade 0 Bedrooms Total 6 Full Baths In Building 4 Half Baths In Building 2 Heating ElectricForced Air Rooms Total 10

Property Features

Additional Parcels YN Yes Age 1-5 Years Built Before1978 YN No Community Features ParkTennis Court(s)LakeCurbsSidewalks Contingency Attorney/Inspection Continue To Show No - has seller written direction Corporate Limits Champaign General Information Commuter Bus Green Energy Efficient Photovoltaic/Solar System Gross Income 45600 Mls Actual Status Contingent New Construction YN No Ownership Fee Simple Rebuilt YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 9634 Tax Year 2023 Total Numberof Unitsin Building 2 Total Rental Income 45600 Township Champaign Type Two to Four Units Water Source Public

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of eXp Realty,LLC-Maho: 217-239-7113.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Main Place Real Estate. Based on information submitted to the MRED as of 2024-10-08T08:59:25.11 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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