Urbana, IL 61802,502-504 and 506-508 Airport Road
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Urbana, IL 61802,502-504 and 506-508 Airport Road
Urbana, IL 61802,502-504 and 506-508 Airport Road
Urbana, IL 61802,502-504 and 506-508 Airport Road
Urbana, IL 61802,502-504 and 506-508 Airport Road

$429,900

Est. payment /mo

$429,900

Est.Price: ?

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502-504 and 506-508 Airport Road Urbana, IL 61802

8 Beds

SOLD DATE : 10/01/2024

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

Rooms

Basement None

Interior

Heating Natural Gas, Electric

Fireplace N

Exterior

Waterfront false

View Y/N true

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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Listed by Carol Meinhart • The Real Estate Group,Inc
Bought with Nate Evans • eXp Realty,LLC-Maho

Wade Marshall

Real Estate Advisor | License ID: 475.129060

+1(773) 450-1247

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