2109 16Th St Moline, IL 61265

Property Details for 2109 16Th St

Year built

1910

Construction

FRAME

Property size

1,732 SF

Zone code

MOL

Property type

Commercial real estate

APN

17-05-413-068

APU

1705413068

Description

This exceptional investment opportunity presents a fully occupied three-unit building located at 2109 16th Street in Moline, Illinois. The property encompasses 1,732 square feet and features two one-bedroom units and one efficiency unit, all currently operating under month-to-month leases. This provides significant flexibility and potential for future rental increases. The owner currently covers all utility expenses, minimizing operational burdens for the new owner. A significant advantage is the existing arrangement with the front unit tenant, who is responsible for lawn care and snow removal. Recent improvements enhance the property's value and appeal. The front unit underwent a remodel in 2020, while the upper unit received new carpeting, blinds, and a furnace motor replacement in 2024. The property is being sold in "As-Is" condition. This triplex presents a strong cash flow opportunity for an investor seeking a stable, income-generating asset in a desirable Moline location. The month-to-month leases offer immediate control and flexibility for the new owner to manage rental rates and tenant occupancy. Given the recent upgrades and the tenant-maintained landscaping, this property is poised for continued success. The asking price is $134,900.