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1107 South Mulford Road
Rockford, IL 61108
Asking Price
$490K
Asset Type
Commercial Multifamily
Class
Class B
What's Special
<ul><li>Two adjacent parcels totaling approximately <strong>8.67 acres</strong></li><li>Zoned for duplex residential development</li><li>Conceptual plan for <strong>19 duplexes (38 residential units)</strong></li><li>Utility connections available at the property boundary</li><li>Minutes from Harrison Avenue and major retail amenities</li><li>Refer to the attached architectural layout/site plan </li><li>Strong location with convenient access to shopping, dining, healthcare, and services</l
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NOI
$80,000
Cap Rate
16.33%
DSCR
2.75
Strong
Cash-on-Cash
34.63%
Monthly Payment
$2,424.253
Annual Cash Flow
$50,908.968
