BEDS0
BATHS
SQUARE FEET5,850
MLS#12776678
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
Property Description
Solid value add opportunity in Silvis with this 6-unit apartment building located at 1911 16th Street. The property features six 2-bedroom, 1-bath units, each offering a kitchen, dining room, living room, patio, and in-unit washer/dryer hookups. Four units are currently occupied, providing immediate income, while two lower units (#1 and #2) are vacant and not rent ready. Unit #2 has been recently renovated but still requires resolution of a plumbing issue before occupancy. Unit #1 has been demoed and also needs plumbing repair and a full renovation prior to being rented. Average rents for the occupied units range from $600-$625, offering strong upside once the lower units are brought back online and rents are raised to market levels. Tenants pay gas and electric, while the owner covers water, sewer, common area electric, trash, lawn care, and snow removal. The property is being sold As Is, making it an excellent opportunity for investors seeking a renovation project with long-term cashflow potential. Rent rolls and cash flow statements available with serious inquiries. Convenient location near schools, parks, and major roadways (John Deere Road & Avenue of the Cities).
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Lot Size: 0.30 Acres
Stories: 3.0
Taxes: $10,169
Year Built: 1968
Feature Descriptions
HVAC: Forced Air, Gas
Parcel#: 1805311004
Tenant Pays: Electricity, Heat
Units: 6
Listed By / Shown By
Listed By
Agency Name: Ruhl&Ruhl REALTORS Moline
Agency Phone: 309-743-8000
Shown By
Agent Name: Emilie Rhein
Agent Phone: (815) 323-3685
Agency Title: Dickerson & Nieman Realtors
Estimate Your Payment
Estimated Payment
$ 1,300.52 per month $400.60 Principal & Interest $847.42 Property Tax $52.50 Homeowner's InsuranceChange Payment Information
Emilie Rhein
Cell: (815) 323-3685
Email Me
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1911 16th Street | MLS# 12776678
This multi-family property located at 1911 16th Street, Silvis, IL 61282 is currently listed for sale with an asking price of $180,000. Search Silvis real estate on emilierhein.dickersonnieman.com today.