Excellent opportunity to acquire a fully stabilized, income-producing multifamily asset in Monmouth, Illinois. Kingstowne Apartments consists of three well-maintained buildings totaling 18 units, currently at 100% occupancy with consistent rental history. The property underwent major exterior updates in 2018, including new roofs and new siding, enhancing curb appeal and reducing long-term maintenance costs. The brick-front design provides durability and a timeless appearance. Strategically positioned across the street from Monmouth College and within close proximity to Smithfield Foods, Kingstowne Apartments benefits from a reliable tenant base. This turnkey property offers a solid return profile with room for rent growth in a stable market. Ideal for investors seeking dependable cash flow with minimal capital expenditures required. Highlights: 3 buildings | 18 total units 100% occupied with strong retention New roofs and siding (2018); brick fronts High-demand location near Monmouth College and Smithfield Foods Strong historical performance with low vacancy rates Coin laundry in each building Off street parking and carport parking options Electric service is individually metered to each unit and is not included in the building utility expenses *This property is agent owned*
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