Windy Knolls Townhomes

Rockford, IL

• Type: Multifamily

• Sale Price: $1,900,000

• Cap Rate: 7.90%

• Unit Price: $52,778

• Date: 3/10/2020

• Represented: Rockford seller, Arizona buyer

The Windy Knolls Town-homes are located in a quiet residential area of southeast Rockford, near the intersection of US Highway 20 and Alpine Road. This 36 unit townhouse property consists of a group of four buildings adjacent to a newly developed single-family home subdivision and next to the Sandy Hollow Golf Course.

As you will see in the line by line expenses, the building runs very efficiently and would be a perfect fit for someone who plans to be an owner / operator of the property for maximum return on investment. The property offers two popular multi-level floor-plans. There are 20 large three bedroom/1.5 bath units measuring 1,460 sf, and 16 two bedroom/1.5 bath units measuring 1,300 sf.