4423 Menge LnPoplar Grove, IL 61065

Property Details for 4423 Menge Ln

Year built

2004

Property size (Sq ft)

1,448 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of four identical, well-maintained two-story townhouses in Poplar Grove, Illinois. Each unit boasts 1,448 square feet of living space, featuring a main level with a living room (including fireplace), kitchen with pantry, full bathroom, laundry facilities, and a spacious balcony. The lower level includes a bedroom with an ensuite bathroom, a mechanical room, and direct access to a two-car garage. Three units feature newer wood-like flooring, while one has carpeting. The property sits on a single lot (APN: 0326406002) and offers a total of 5,768 net rentable square feet. Built in 2004, this 100% occupied property generates a current NOI of $51,456, representing a 9.19% cap rate. Pro forma NOI is projected at $58,656, resulting in a 10.47% pro forma cap rate. The asking price is $560,000, or $140,000 per unit. Conveniently located off Highway 76, just 15 miles from Rockford, this property offers a peaceful suburban setting with easy access to city amenities. This is a turnkey investment ready to generate immediate income.

Location Insight

City

Poplar Grove

County

Boone

State

Illinois

Latitude

42.349

Longitude

-88.8478

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].