18-Unit INVESTMENT OPPORTUNITY! Walden Woods is a 52-unit condominium project. Thirty of the units were sold to private owners from 2005 to 2008. The remaining 22 units were committed to a leasing program and have been operated as rental units for over six years. 4 of these units sold in 2018. The remaining 18 units are being offered in a package as an investment opportunity. Unit exterior and interior finishes built to high-quality condominium standards. The condominium association is well managed and its capital reserve account fully funded. Great current return on investment with an excellent history of high occupancy at market rent. Strong employment in the surrounding area. Highly visible location. Main entrance on Harrison Avenue, a major east-west corridor on Rockford’s south side. Future potential of selling the units at higher prices to individual homeowners as the housing market improves. Broker Interest
Additional Parking, Balcony, Laundry in Unit, Main Floor Master, Deck, Great Room, Lawn Irrigation, On Bus Route, Patio, Storage Area
Disposal, Dishwasher, Dryer, Microwave, Refrigerator, Stove/Cooktop, Oven, Washer, Sump Pump, Water Softener
|Price Reduced from $2,819,500 to $2,775,000|
Charles Thompson, AC Johnston Realty, Inc.
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Listing information last updated on August 25th, 2019 at 8:59am CDT.