507 Washington St, Pawnee, IL 62558-9512

This exceptional investment opportunity presents a well-maintained, six-unit apartment building located at 507 Washington St, Pawnee, IL 62558. The property consists of two buildings – a fourplex and a duplex – situated on a single lot. Each unit is a two-bedroom, one-bathroom townhouse-style apartment. The buildings are constructed of brick and are currently 100% occupied, generating immediate cash flow. The asking price is $399,900, translating to $71.41 per square foot and $66,650 per unit. The total square footage is 5,600 net rentable square feet, spread across two stories. Recent improvements include the replacement of most windows. The property is owned as a corporation. Water and trash services are provided by the owner, while tenants are responsible for their electricity. This turnkey investment offers a strong return and is ideal for a seasoned investor seeking a stable, income-producing asset in a desirable location. The property's excellent occupancy rate and manageable size make it an attractive option for both passive and active investors. The solid construction and recent upgrades further enhance its long-term value and potential for appreciation.