999 State Highway 104, Meredosia, IL 62665

$64,000 Sold Price

Sold on 6/12/2024

6F 6H Baths

1604 SF

Listing ID	11168909



Property Type	House



County	Morgan

Total Tax	$1,124



FEMA Flood Map	fema.gov/portal

Virtual Tour

INVESTMENT PROPERTY- 6 unit former motel

This former motel has been converted into 6 efficiency apartments. Brick exterior, aluminum windows. Large lot has room for expansion or construction of other buildings Camper hookups at each end of building. Past years income have varied with top monthly income being $6000 during bridge construction phase in Meredosia. Standard income is $400 per month for each efficiency apartment. Giving gross yearly income at 100% occupancy at $28,800 per year. Estimates are: insurance-$2700 yearly, taxes-$1200, Utilities-$7200, Internet-$1500, Repair/Vacancy-$4000 Additional land space could be developed into a storage facility or other income producing business.

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Property Details

6 Full Baths
6 Half Baths
1604 SF
1.66 Acres
1 Story

Interior Features

Microwave
Carpet Flooring
7 Rooms
Wall/Window A/C

Exterior Features

Brick Siding
Asphalt Shingles Roof
Private Septic
Driveway

Taxes and Fees

$1,124 Total Tax
Tax Year 2021

Sale Information

Sold on 6/12/2024
Sold for $64,000
Buyer's Agent: Mary Buffy Tillitt-Pratt
Company: Buffy Tillitt & Associates

Previously Listed By

Mary Buffy Tillitt-Pratt

Buffy Tillitt & Associates

Office: 217-323-2100

Cell: 217-473-6606

Listing data is deemed reliable but is NOT guaranteed accurate.

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