2611 Canterbury Lane

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2611 Canterbury Lane

Rockford, IL 61101
Asking Price
$220K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily asset located at 2611 Canterbury Lane in Rockford
  • Asking price for this investment property is $219,900
  • Residential apartment building situated within the 61101 zip code
  • Asset provides exposure to the expanding Rockford residential market
  • Property supports potential income generation through standard rental leasing

What's Special

Priced at $219,900, this multifamily apartment building at 2611 Canterbury Lane presents a clear entry-level acquisition for investors in the Rockford market. The property serves as a functional residential asset situated within the 61101 zip code, providing proximity to the core infrastructure of this Illinois industrial hub. Rockford maintains a steady demand for workforce housing due to its diverse manufacturing and healthcare sectors, making this a viable prospect for those seeking to expand a local residential portfolio. Strategically positioned within the broader Chicagoland region, the property benefits from the city's ongoing efforts toward economic diversification and neighborhood revitalization. Prospective owners can explore various management strategies to optimize yield in this suburban multifamily market. The asset type allows for consistent rental income streams, appealing to investors focused on stable, income-producing real estate in a well-established Midwestern city environment.

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NOI
$80,000
Cap Rate
36.38%
DSCR
6.13
Strong
Cash-on-Cash
101.48%
Monthly Payment
$1,087.945
Annual Cash Flow
$66,944.657

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