IL > Champaign
Champaign, IL 61822,3311-3313 Boulder Ridge DR
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Eric Marcus

Eric Marcus

+1(773) 732-9898
$ 450,000
Est. payment /mo
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Active Under Contract

3311-3313 Boulder Ridge DR Champaign, IL 61822

6 Beds

UPDATED:

09/23/2024 08:04 PM

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12140326

Bedrooms 6

Year Built 2021

Annual Tax Amount $9,634

Tax Year 2023

Lot Dimensions 48X110

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.

Location

State IL

County Champaign

Area Champaign, Savoy

Rooms

Basement None

Interior

Heating Electric, Forced Air

Fireplace N

Exterior

Exterior Feature Patio

Garage Attached

Garage Spaces 2.0

Community Features Park, Tennis Court(s), Lake, Curbs, Sidewalks

Waterfront true

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Public

New Construction false

Schools

Elementary Schools Champaign Elementary School

Middle Schools Champaign Junior High School

High Schools Champaign High School

School District 4 , 4, 4

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Nate Evans • eXp Realty,LLC-Maho

Eric Marcus

Broker

+1(773) 732-9898

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