999 State Highway 104, Meredosia, IL 62665

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$64,000 Sold Price
Sold on 6/12/2024
6F 6H Baths
1604 SF
 
Listing ID 11168909
Property Type House
County Morgan
Total Tax $1,124
FEMA Flood Map fema.gov/portal
   
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INVESTMENT PROPERTY- 6 unit former motel

This former motel has been converted into 6 efficiency apartments. Brick exterior, aluminum windows. Large lot has room for expansion or construction of other buildings Camper hookups at each end of building. Past years income have varied with top monthly income being $6000 during bridge construction phase in Meredosia. Standard income is $400 per month for each efficiency apartment. Giving gross yearly income at 100% occupancy at $28,800 per year. Estimates are: insurance-$2700 yearly, taxes-$1200, Utilities-$7200, Internet-$1500, Repair/Vacancy-$4000 Additional land space could be developed into a storage facility or other income producing business.
Property Details
  • 6 Full Baths
  • 6 Half Baths
  • 1604 SF
  • 1.66 Acres
  • 1 Story
Interior Features
  • Microwave
  • Carpet Flooring
  • 7 Rooms
  • Wall/Window A/C
Exterior Features
  • Brick Siding
  • Asphalt Shingles Roof
  • Private Septic
  • Driveway
Taxes and Fees
  • $1,124 Total Tax
  • Tax Year 2021
Sale Information
  • Sold on 6/12/2024
  • Sold for $64,000
  • Buyer's Agent: Mary Buffy Tillitt-Pratt
  • Company: Buffy Tillitt & Associates
Previously Listed By
Mary Buffy Tillitt-Pratt
Buffy Tillitt & Associates
Office: 217-323-2100
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