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24XX West Riverside Boulevard
Rockford, IL 61103
Asking Price
$199K
Asset Type
Commercial Land
Class
Class B
What's Special
<p></p><ul><li>PIN: 1102302022</li><li>Approximately <strong>1.48 acres</strong></li><li>Prime corner location at N Rockton Ave & W Riverside Blvd</li><li>Directly across from Circle K</li><li>Verbal City support for multifamily development</li><li>Proposed <strong>20-unit, two-story apartment complex</strong></li><li>All units designed as <strong>2-bedroom, 2-bathroom residences</strong></li><li>Architectural site plans available</li><li>Excellent visibility and accessibility</li><li>
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NOI
$80,000
Cap Rate
40.20%
DSCR
6.77
Strong
Cash-on-Cash
114.21%
Monthly Payment
$984.543
Annual Cash Flow
$68,185.479
