126 E Van Buren Street

Prime Rental Property - Two well maintained separate buildings on a single lot with all the conveniences of downtown living. The larger building is 2,384 sq ft with three 1-BR apartments, 4 sleeping rooms and a basement. The smaller building is a 1,213 sq ft ranch with two 1-BR apartments and a 2-car detached garage. The 4 sleeping rooms could easily be turned into additional apartments. There are currently two renters and the owner has not offered the other apartments for rent due to the impending sale. The detached garage is currently being used by the owner and is not being used by the tenants. The annual property taxes for both buildings is approximately $2300. With 2 units currently rented, the annual gross income is $7,800. At the seller's currently monthly rental fees ($300 & $350) and with 5 units rented, the annual gross income would be $19,800. The rental of 4 sleeping rooms at $50 each per month would be $2,400 per year bringing the total annual gross income to $22,200. The address of the two properties are 126 E. Van Buren St. and 128 E. Van Buren St. The grid sheet reflects the combined total square footage, # of bedrooms, baths, etc. for the two buildings.