Exceptional 12 unit [ Each with 2 bedroom, 1 Bath] apartment complex with two buildings and a 10 car garage. Located in the heart of Galena and very close to downtown, shopping, schools, hospital and restaurants. Over one acre of land allows room for a third building to be built and still have a massive parking area. New roofs were installed in 2008. Each unit has its own deck or patio and the location is in a very wooded area for great privacy for a complex of this size. Each unit has its own utilities with separate meters. This would allow conversion to a condominium complex if an investor would want this flexibility. All rental numbers included in information sheet are for 610 Elk Street. The rental income for 612 Elk Street is as follows: Unit 1 - $480; Unit 2 - $525; Unit 3 - $545; Unit 4 - $495; Unit 5 - $495; Unit 6 - $515. All of the units are 4 rooms with 2 Bdrms & 1 bath, 930 sq ft., include Ref.& Rng and 1 car garage.
Historic Galena brick with 2 one bedroom apartments and potential for owner's studio apartment on street level. Conveniently located a block from Main Street, these units have newer flooring, fixtures, ceiling fans, and remodeled baths. Both front and back decks were replaced in the last couple of years. Washer and dryer included in each unit. Separate electric meters. Tenants pay Electric. Owner pays gas, water, sewer and garbage. Huge attic for storage or possible expansion of upper apartment. Off-street parking space for one vehicle.
Great potential for an investor who would be willing to remodel this duplex. Location is the key to this property which is one block from Main Street in historic downtown Galena and it has it s own off street parking.