• Year Built: 2005
2547 Edson St is amulti-family property for lease in Rockford, IL.
•Hudson Place is a 16-unit condominium project. Seven of the units were sold to private owners from 2006 to 2008. The remaining 9 units were committed to a leasing program and have been operated as rental units for over six years. The 9 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 financially stable 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 46,000 employees working within a 5-minute drive of the property. Nearby major employers include: Rockford Health Systems, Ingersoll Milling Machine, GE Aviation and Wesley Willows.
•Highly visible location. Main entrance off North Main Street, a major north-south corridor (State Hwy 251) on Rockford’s near west side.
•North Main Street will be completely reconstructed and improved over the next two years. Improvements will include wider driving lanes, new walking paths and landscaping.
•Future potential of selling the units at higher prices to individual homeowners as the housing market improves.
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