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718 Seminary Street Rockford, IL 61104 • Multi Unit - Multiple • Active

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Description

Turnkey Furnished Rental Portfolio - Fully Occupied with Proven Income & Excellent Reviews. Exceptional opportunity to acquire a fully stabilized 6-unit furnished rental property with consistent occupancy, strong income performance, and a well-established reputation. This property operates as a successful mid-term rental portfolio catering to travel professionals and extended-stay tenants, generating approximately $115,200 in effective gross income and an estimated Net Operating Income of $100,680. All units are fully furnished, consistently occupied, and supported by excellent tenant reviews, reflecting the quality and care put into the property. Well-maintained and professionally managed, this asset offers a true turnkey, plug-and-play investment with immediate cash flow. The property can be purchased individually or together as part of a package with 712 Seminary Street and 722 Seminary Street.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Sqft: 2,450
County: Winnebago
Listed By:
Gambino Realtors
Rockford Board of Realtors
$320,000
Est. $2,039/mo
2,450sqft
Active
BEDS0 BATHS SQUARE FEET2,450 MLS#202601864
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLRockford 205
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Jan Jaeger
 (319) 759-8589

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718 Seminary Street, Rockford, IL 61104.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $320,000$320,000$320,000
Down Payment $64,000$11,200$80,000
Monthly Mortgage Amount $1,494$1,884$1,945
Taxes $445$445$445
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$141$0
Monthly Estimated Total $2,039$2,570$2,490

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