320 Main St Colfax, IL 61728-7537

This exceptional investment opportunity presents a ten-unit multifamily property located at 320 E Main Street, Colfax, Illinois. The property encompasses 5,487 square feet and sits on a 0.79-acre lot. Crucially, this property participates in the USDA Section 515 program, meaning rents are subsidized by the United States Department of Agriculture. Prospective buyers must possess a thorough understanding of and qualification for participation in government-subsidized housing programs like Section 515. Detailed financial information is available upon request to qualified buyers who demonstrate their familiarity with the USDA's requirements for purchasing such properties. It's important to note that this sale includes a package deal with an additional 34 units located in Gibson City, Illinois (MLS# 11617011). This presents a significant portfolio acquisition opportunity for investors experienced in this specific niche of the real estate market. The property is offered at $300,000 and represents a compelling investment for those meeting the necessary qualifications and possessing the expertise to manage properties within the USDA Section 515 program. Serious inquiries only from qualified buyers are encouraged.