429 N 8th St, Quincy, IL 62301

Investment property showing a strong 14.65% Cap Rate, 4.65% higher than the national average. 5-unit complex near downtown, the Hospital, gourmet coffee shop and other retail stores. Current owner built out Unit #E that was not previously habitable, 3 additional units have been painted (1 unit has a long term tenant), New vinyl flooring in 2 units. Off street parking behind building. As units become vacant, owner won't be filling them. Leaving an option for new owners to make changes, if they choose to. Current owner has received $2600 in monthly gross rents during the past year when fully occupied, minimal delinquency and short turnovers when vacancies occur. 24 hours notice is required for showings. Being sold as is.