Rockford IL

[George Rodriguez]

All units are either currently rented or if vacant they are advertised for rent and will be occupied soon. Attached are some sample pictures that were taken between tenants. These photos show the condition that is typical of all the units

2 units, 2 bedrooms each unit. Separate utilitie2. Laundry hook up for each unit. Vinyl siding and windows. Rents $395 (long term tenant on month to month lease) and $475

Gross revenue $10,440/yr

Expenses for 2014

Water - $ 257
Garbage - $ 415
Sewer- $ 301
Insurance- $ 775
Property Tax- $1,447

Net revenue $7,245 (based on current rent and 2014 expenses)

 2 units, 3 bedrooms each unit. Separate utilities. Updated electric and heating systems. Laundry hook up for each unit in basement. Rents $550 and $525

Gross rent $12,900/yr

Expenses for 2014
Water - $ 466
Garbage - $ 446
Sewer- $ 436
Insurance- $ 728
Property Tax- $1,120

Net Revenue $9,704/yr (based on current rent and 2014 expenses)

 4 units, 1 bedrooms each unit. Separate utilities except for hot water. Hardwood floors in each unit. Rents 3 @ $385, 1 @ $310 (very long term tenant)

Gross revenue $17,580/yr

Expenses for 2014
Water - $ 988
Garbage - $ 310
Sewer- $1,178
Gas- $ 585
Insurance- $ 975
Property Tax- $1,120

Net revenue $12,424/yr (based on current rent and 2014 expenses)


2 units, 2 bedrooms in lower unit, 3 bedrooms in upper unit. Separate utilities. Long term tenant in lower unit, rent below market. Rents $550 and $425 (long term tenant)

Gross revenue $11,700/yr

Expenses for 2014
Water - $ 538
Garbage - $ 453
Sewer- $ 539
Insurance- $ 672
Property Tax- $1,378

Net revenue $ 8,120/yr (based on current rent and 2014 expenses)

2 units, 1 bedroom in each. Both units are spacious and have living rooms and dining rooms. Separate utilities. Both units recently updated and are in above average condition. Upgraded vinyl windows and siding. Rents $495 and $450

Gross revenue $ 11,340/yr

Expenses for 2014
Water - $ 260
Garbage - $ 446
Sewer- $ 204
Insurance- $ 679
Property Tax- $1,160

Net Revenue $ 8,591/yr (based on current rent and 2014 expenses)

 Large single family home with 3 bedrooms upstairs. One upstairs bedroom has a separate sitting room attached that can be used as an office or child's room. 1st floor has a living room and dining room with another sitting room off the dining room that is often used as a 4th bedroom. House was recently updated after long term tenant moved. New granite tile counter top in kitchen, new front porch, new carpet in living room and dining room, and fresh paint throughout the house. House has new vinyl windows and updated electric system. This home is in above average condition.

Rent $800 + tenant reimburses for water and trash bill

Gross revenue $ 9,600/yr

Expenses for 2014
Water - $ 379
Garbage - $ 223
Sewer- $ 351
Insurance- $ 593
Property Tax- $1,486

Net Revenue $7,170/yr (based on current rent and 2014 expense. Assumes tenant has paid water and trash)

 5 units, 2 one bedroom units, 1 two bedroom unit and 2 three bedroom units. All have updated electric, plumbing and heating systems. Separate utilities.

Rents 2 @ $525, 1 @ $460 and 2 @ $385

Gross revenue $27360/ yr

Expenses for 2014
Water - $ 690
Garbage - $ 1,046
Sewer- $ 696
Electric- $ 199
Insurance- $ 1,215
Property Tax- $ 2,894

Net revenue $ 20,620/yr (based on current rent and 2014 expenses)

Total net revenue for package $73,874/year.

seller is willing to owner finance all the properties. I would have to bring the the table 

$100,000 in a downpayment witch don't have that's why I'm looking for a lender please send me a Replay