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$150,000
4 Beds ⋅ 3 Baths ⋅ 1047266 MLS
Investor opportunity at 132 E. Reynolds Avenue in Urbana! Offering over 2,000 square feet, this spacious property features 4 bedrooms, 2.5 baths, two separate living areas, and a second kitchen--creating excellent potential for a single-family home, multi-generational living, or multi-family use. The home is in decent condition and ready for a little TLC to make it shine. Additional highlights include a covered front porch, a huge private backyard, and convenient access to historic downtown Urbana's shopping, dining, and local attractions. Bring your vision and unlock the possibilities this versatile property has to offer! Call today for your private tour.

132 E Reynolds St, Urbana
$809,900
14 Beds ⋅ 12 Baths ⋅ 1047199 MLS
This income-producing multi-family investment property offers 12 rental units across five separate buildings on a combined 1.19 acres and is being sold with three parcels. Whether you're purchasing your first multi-unit property or expanding an existing investment portfolio, this property allows an additional upside through future rental increases. The property includes four duplex buildings located at 652-656 Hagenbuch Street, 660-664 Hagenbuch Street, 668-672 Hagenbuch Street, and 807-809 Concord Street. Each duplex contains two 2 bedrooms, 1 bath apartments. The fifth building, located at 620-644 Hagenbuch Street, is a four-unit building featuring two 2 bedrooms, 1 bath apartments and two 1 bedroom, 1 bath apartments. Combined, the five buildings offer approximately 7,232 square feet of living space and generates a rental income of $8,675 per month. Some units have been remodeled, while others present opportunities for value-added improvements. Current rents range from $425 to $900 per month, offering potential for increased income as leases renew. The property also benefits from a stable tenant base, with several long-term residents who have occupied their units for 11, 15, and more than 20 years. The sale includes 12 refrigerators and 12 ranges, allowing for a smooth transition to new ownership. The owner currently pays for water, sewer and trash service, with water/sewer expenses averaging approximately $360 per month, while tenants are responsible for all other utilities. Current annual property insurance is approximately $6,100. With a diverse unit mix, established occupancy, and opportunity to increase rental income, this well-located multi-family property presents an excellent investment opportunity for both new and experienced investors. Please allow a minimum of 48 hours for showing requests.

620-672 Hagenbuch St, Urbana
$610,000
5 Beds ⋅ 7 Baths ⋅ 1043434 MLS
Located in the heart of Downtown Urbana, the Dr. Adam Mosgrove House at 127 Miami Street is a nationally recognized historic landmark built in 1833 and listed on the National Register of Historic Places. Zoned B-3, this Federal-style brick, two-and-a-half-story apartment building features five one-bedroom apartments with shared main-level laundry for tenant convenience, an unfinished top-floor unit with expansion potential, and an additional vacant lot, along with a walk-out lower-level commercial unit addressed as 109 W Walnut Street, currently occupied by a plumbing business that has operated at this location for 72 years. The additional parcel# 109 S Walnut St, Parcel # K48-25-00-01-16-028-00, Legal Description: RTS 00-00-00 __ ORIGINAL PLAT SW PT LOT 50

127 Miami St, Urbana