4300 12TH AVE Active Save Request In-Person Tour Request Virtual Tour
Moline,IL 61265
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 20,160 sqft
Price per Sqft $81
MLS Listing ID QC4268687
Year Built 1975
Annual Tax Amount $40,856
Tax Year 2024
Lot Size 1.440 Acres
Acres 1.44
Property Sub-Type Commercial
Source rmlsa
Property Description
Great investment opportunity! Three-Story mixed-use building with 24 apartment units on the 2nd and 3rd floor and commercial on the main level facing North. There are 16-studio apartments located on the second floor. The third floor contains (4) 1 Bedroom/1 Bath and (4) 2 Bedroom/ 1 Bathroom units with private balconies. All apartments offer standard finishes and are well maintained. Tenant pays for gas and electric. Owner pays taxes, insurance, water, sewer, and garbage. Individual unit wall mounted A/C systems for cooling and 2 boiler systems used to heat Suite 2 on the 1st floor and studio units on the 2nd floor. 3rd floor units have individual forced air HVAC units. Coin operated Washer/dryers offered in two common areas within the building, not in unit. 64 total parking spaces (48 lines spaces to the North and 16 on the South side). No garages, all uncovered parking. Rent roll including rental rates available upon execution of a confidentiality agreement. Financials will not be provided without an offer to purchase on agreed to price and terms. Current list price is based on an 8.7% Cap. Additional rental income potential with vacant suite 1 (2,208 sf) listed at $12.00/sf. See MLS: QC4268473 Contact listing agent for showing details.
Location
State IL
County Rock Island
Area Qcara Area
Zoning O-1
Direction East on 12th Ave in Moline to subject property
Interior
Heating Forced Air,Individual Unit,Other,Baseboard
Cooling Central Air,Wall/Window Unit(s)
Flooring Carpet,Concrete,Tile
Fireplace N
Exterior
View true
Roof Type Composition Shingle
Garage 1
Building
Building Description Brick,Vinyl Siding,Frame,Stone, Cable,Community Wifi
Faces East on 12th Ave in Moline to subject property
Sewer Public Sewer
Water Municipal/City
Structure Type Brick,Vinyl Siding,Frame,Stone
Others
Tax ID 17-03-202-010