235 E Reynolds Street

Description

Investors, be sure to check out this multi-family 4 unit apartments situated in a residential neighborhood, offering a convenient living environment for its tenants. It is located within easy access to Downtown Urbana's local amenities including restaurants, shopping, banking, theater and grocery store. The tenants are responsible for paying their own electric and gas bills, which gives them control over their energy consumption and the owner pays for water, sewer, and trash pickup. Each apartment comes equipped with a range and refrigerator, saving tenants the expense and hassle of purchasing these appliances upon move in. The property set up consists of a front building with Unit 1 on the main level and Unit 2 located on the second level. In the back of the property there are Units 3 and 4, with Unit 3 on the main level and Unit 4 on the second level. Unit 1 has been completely renovated and rents for $1,020 (including a $25 per month pet fee) and has 2 bedrooms, 1 bath, central air and a washer and dryer hook up. Unit 2 is currently being renovated and has 2 bedrooms, 1 bath and when completed will rent for $900 per month. Unit 3 has a long-term tenant and rents for $400 per month and offers 1 bedroom and 1 bath. Unit 4 is completely renovated and rents for $700 per month and offers 1 bedroom and 1 bath. The property offers a basement and a storage room and is only used by the owners. The back units have alley access and off street parking. The property's condition will certainly amaze the most seasoned investor.