1631 8th Avenue

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1631 8th Avenue

Rockford, IL 61104
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Rockford
  • Located at 1631 8th Avenue in the state of Illinois
  • Asset sits at coordinates 42.2581, -89.0694 for precise mapping
  • Property is positioned within a established Illinois urban market
  • Suited for investors targeting consistent residential rental income streams

What's Special

This multifamily apartment building for sale at 1631 8th Avenue in Rockford, Illinois, provides a straightforward acquisition for investors seeking to expand their residential portfolio. The asset is situated within a well-established urban environment in the Rockford metropolitan area, a region known for its industrial heritage and diverse labor force. Multifamily properties in this submarket often benefit from a consistent demand for affordable rental housing options. This building structure is suitable for operators focused on long-term rental income and professional property management within the local community. The location allows for efficient access to regional transit routes and central services, supporting stable occupancy potential for prospective residents. Investors looking for a solid addition to their income-producing holdings will find this asset relevant to their acquisition strategy.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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