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$120,000   Price Analysis
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2525 6th Ave
Moline, IL 61265
Unknown bed 2 bath 1,834 SqFt ($65/SqFt)
8,250SqFt lot. Built 1940
Listed 2024-04-27, Taxes $2,932
Ⓧ USDA Ineligible
due to location

near Moline

Turnkey investment opportunity!

Up down duplex with mirror lay out, big 1 bedroom units that could be used as 2 br. There is a fenced yard, hardwood floors, vinyl siding and vinyl replacement windows, 4 car garage that could be rented separate for extra income.

Current lease is month to month and rnt well below market Lower unit is currently vacant for showings and ready to rent. Could be packaged with 418 39th st.


Presented by Mike Pezley at
RE/MAX Concepts Bettendorf.
Listing Agent Photo

Property MLS #QC4252121 from RMLSAlliance

Laundry Features: Common Area

Basement Features: Full

Full Bathrooms: 2

Heating Features: Forced Air, Gas

Fence
Road Surface Type: Alley, Curbs & Gutters

Lot Description: Level
Lot Size Acres: 0.1893939
Lot Size Dimensions: 55x150
Lot Size Square Feet: 8250

Parking Features: Alley Access, Detached
Parking Total: 4

Gross Income: 12000
Gross Scheduled Income: 12000
Lease Term: Month To Month
Tenant Pays: Gas & Electric

Number of Units: 2
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Unit 1 Total Actual Rent: 500
Unit 2 Total Actual Rent: 750

High School: Moline

Logan Elementary School is a public elementary school located approximately 1 miles away.
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Woodrow Wilson Middle School is a public middle school located approximately 1.7 miles away.
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Moline Sr High School is a public high school located approximately 1.8 miles away.
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Temple Christian Academy is a private elementary school located approximately 0.2 miles away.
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Annual Tax Amount: 2942
Source Listing Status: Active
County: Rock Island
Development Status: Completed
Directions: 6th Ave
Tax Year: 2022
Source Property Type: Residential Income
Source Neighborhood: Christy and Grovers
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 1
Parcel Number: 0833119015
Subdivision: Christy and Grovers
Property Subtype: Residential Income
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$26,660 + $4,222
$30,882
$2,932
2020$26,501 + $4,197
$30,698
$2,946
2019$25,880 + $4,099
$29,979
$2,896
2018$25,702 + $4,050
$29,752
$2,841
2017$25,173 + $3,967
$29,140
$2,778
2016$24,752 + $3,901
$28,653
$2,746
2015$24,243 + $3,821
$28,064
$2,688
2014$24,528 + $3,866
$28,394
$2,643
2013$24,965 + $3,935
$28,900
$2,668
2012$25,230 + $3,977
$29,207
$2,631
2011$25,877 + $4,079
$29,956
$2,671
2010$24,692 + $4,079
$28,771
$2,545
2009$24,165 + $3,992
$28,157
$2,478
2008$23,926 + $3,952
$27,878
$2,452
2007$23,229 + $3,837
$27,066
$2,367
2006$21,223 + $3,780
$25,003
$2,181

Listed 2024-04-27
$120,000
RMLSAlliance
Sold 2006-11-30
$80,000
Public Record
Sold 1998-12-31
$40,000
Public Record

Net Operating Income: 9058

Year Built: 1940
Building Area Total: 1834
Construction Materials: Vinyl Siding, Wood Siding
Foundation Details: Block
Property Age: 84
Roof: Shingle
Year Built Source: Public Records

Water Source: Public Sewer, Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.