2507 Sandhutton Ave is amulti-family property for lease in Rockford, IL.
•Walden Woods is a 52-unit condominium project. Thirty of the units were sold to private owners from 2005 to 2008. The remaining 22 units were committed to a leasing program and have been operated as rental units for over six years. The 22 units are being offered in a package as an investment opportunity.
•Unit exterior and interior finishes built to high-quality condominium standards.
•The condominium association is well managed and its capital reserve account fully funded.
•Great current return on investment with an excellent history of high occupancy.
•Strong employment in the surrounding area. There are 30,650 employees working within a 5-minute drive of the property.
•Highly visible location. Main entrance on Harrison Avenue, a major east-west corridor on Rockford’s south side.
•Future potential of selling the units at higher prices to individual homeowners as the housing market improves.