Description
Welcome to this charming and historic 2-unit multi-family property nestled on a serene tree-lined street just moments away from the vibrant heart of downtown Urbana. This rental property makes it a truly unique investment opportunity or an ideal living situation for those seeking both comfort and accessibility. Comprising two spacious apartments, each featuring 2 bedrooms and 1 bathroom, this property exudes character and style. As you step inside, you'll immediately appreciate the generous proportions of the living spaces. With over 2,500 square feet of living area, these apartments boast oversized rooms that provide ample space for both relaxation and entertainment. Imagine sitting on your inviting front porch, sipping your morning coffee, and enjoying the delightful sights and sounds of the community. If occupying the property invite friends over as this location allows you to be part of the action as you watch the parade pass by. The property's historic charm is complemented by its convenient proximity to downtown Urbana. Within mere minutes, you'll find an array of dining establishments, shopping boutiques, bakery, banking services, and more. Whether you're seeking a gourmet dinner, a trendy cafe, or a bout of retail therapy, everything is just minutes away. Currently, both units are thoughtfully occupied, generating a total rental income of $1,400. The first unit, priced at $775, offers spacious living arrangements and the second unit, with a rental rate of $625, provides a comfortable and affordable option. This arrangement provides flexibility, allowing you to add a lucrative investment property to your portfolio or choose to live in one unit while renting out the other - a decision tailored to your preferences and goals. Tenants pay all utilities, water/sewer and trash pick up.
-
4BEDS
-
0.19ACRES
-
2BATHS
-
01/2 BATHS
-
2,587SQFT
-
$72$/SQFT
Description
Welcome to this charming and historic 2-unit multi-family property nestled on a serene tree-lined street just moments away from the vibrant heart of downtown Urbana. This rental property makes it a truly unique investment opportunity or an ideal living situation for those seeking both comfort and accessibility. Comprising two spacious apartments, each featuring 2 bedrooms and 1 bathroom, this property exudes character and style. As you step inside, you'll immediately appreciate the generous proportions of the living spaces. With over 2,500 square feet of living area, these apartments boast oversized rooms that provide ample space for both relaxation and entertainment. Imagine sitting on your inviting front porch, sipping your morning coffee, and enjoying the delightful sights and sounds of the community. If occupying the property invite friends over as this location allows you to be part of the action as you watch the parade pass by. The property's historic charm is complemented by its convenient proximity to downtown Urbana. Within mere minutes, you'll find an array of dining establishments, shopping boutiques, bakery, banking services, and more. Whether you're seeking a gourmet dinner, a trendy cafe, or a bout of retail therapy, everything is just minutes away. Currently, both units are thoughtfully occupied, generating a total rental income of $1,400. The first unit, priced at $775, offers spacious living arrangements and the second unit, with a rental rate of $625, provides a comfortable and affordable option. This arrangement provides flexibility, allowing you to add a lucrative investment property to your portfolio or choose to live in one unit while renting out the other - a decision tailored to your preferences and goals. Tenants pay all utilities, water/sewer and trash pick up.
© 2023 Western Regional Information Systems & Technology, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Binkley Real Estate, LLC. Data last updated: 2023-09-25T23:12:50.187