$429,900
$429,900
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502-504 and 506-508 Airport RD Urbana, IL 61802
8 Beds
4 Baths
Key Details
Sold Price $429,900
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12123799
Sold Date 10/01/24
Bedrooms 8
Year Built 1965
Annual Tax Amount $8,665
Tax Year 2023
Lot Dimensions 165X264
Property Description
This exceptional multi-family property, comprising four distinct units, has undergone a comprehensive renovation, transforming it into a modern and highly desirable living space. Each unit features the following enhancements: New Roof: A brand-new roof ensures long-lasting protection and durability for the entire property. New Water Heaters: All units are equipped with new water heaters, providing reliable and energy-efficient hot water supply. Updated Kitchens and Bathrooms: Each kitchen and bathroom has been meticulously updated with contemporary fixtures, finishes, and appliances, offering both style and functionality. New Flooring: Modern, high-quality flooring has been installed throughout each unit, enhancing aesthetic appeal and comfort. Fresh Paint: A fresh coat of paint in a neutral palette creates a clean, inviting, and move-in-ready atmosphere in every unit. New Septic Systems: septic systems have been installed, ensuring efficient and environmentally friendly waste management. This fully renovated property at 502-504-506-508 Airport Road offers an excellent opportunity for investors or owner-occupiers seeking a turnkey, low-maintenance investment with strong rental potential. The extensive upgrades provide peace of mind and long-term value, making this property a standout choice in the market. Each Unit rents for $1200 a month, the last unit 508 is being renovated currently, so you could be owner occupied and have the other three fully rented.
Location
State IL
County Champaign
Area Urbana
Rooms
Basement None
Interior
Heating Natural Gas, Electric
Fireplace N
Building
Sewer Septic-Private
Water Public
New Construction false
Schools
Elementary Schools Yankee Ridge Elementary School
Middle Schools Urbana Middle School
High Schools Urbana High School
School District 116 , 116, 116
Others
Ownership Fee Simple
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Nate Evans • eXp Realty,LLC-Maho