928 8th Avenue

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928 8th Avenue

Rockford, IL 61104
Asking Price
$125K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Residential apartment building available for sale in Rockford
  • Asset is located at 928 8th Avenue in Illinois
  • The purchase price for this investment property is $125,000
  • Multifamily asset type suited for regional residential rental operations
  • Positioned within an established northern Illinois metropolitan market

What's Special

This multifamily property at 928 8th Avenue in Rockford is currently for sale, presenting a straightforward investment prospect for those focused on the local apartment rental market. Situated within the city of Rockford, Illinois, the building provides functional residential space in a region known for its established industrial base and steady population density. Rockford remains a significant hub in the northern part of the state, benefiting from its proximity to major transportation corridors and a varied economic landscape that supports a consistent demand for housing. Investors looking to expand their residential holdings will find this asset suitable for traditional rental operations. The property serves as a stable addition to a portfolio, aligning with the needs of tenants searching for multi-family living options in this Illinois submarket. Its scale allows for efficient management, making it a pragmatic choice for those seeking to capitalize on regional market trends and long-term asset appreciation within a familiar, suburban-adjacent urban environment.

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NOI
$80,000
Cap Rate
64.00%
DSCR
10.78
Strong
Cash-on-Cash
193.54%
Monthly Payment
$618.432
Annual Cash Flow
$72,578.818

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