601 Pearl Street
Exceptional investment opportunity just blocks from downtown Belvidere! This stunning 6-unit Victorian offers strong cashflow with all units currently rented. The building features four studio apartments and two 1-bedroom units, providing a desirable mix for tenants. Each unit has separate electric services. The property showcases incredible curb appeal with its iconic tower, detailed trim work, well-maintained exterior and large .7 acre lot. Inside, the building offers charming character along with practical updates, including updated electrical and solid mechanicals. Additional income potential with a detached 4-car garage and two separate workshop spaces that can be rented for added revenue. The basement offers the possibility for a 7th unit with renovation, creating even more upside for the next owner. Don't miss this rare multi-unit opportunity!
- Olive Taco 700 ft
- Sips & Sprinkles 800 ft
- Coach’s Corner Bar & Grill 800 ft
- Steam Plant Famly Resaurant 0.2 mi
- S.S. Subs 0.3 mi
- Uncle John's 0.8 mi
- Mobil Mart 0.5 mi
- 7-Eleven 0.5 mi
- Marathon 0.9 mi
- Mr. Quick's 0.9 mi
- Aldi 1.0 mi
- BP Shop 1.0 mi
- Doty Park 1000 ft
- Bob's Park 0.4 mi
- Tot Lot Park 0.6 mi
- Cinderslate Park 0.6 mi
- Bloom Playground 1.0 mi
- Sunstran Park 1.2 mi
- Speedy Café 1.1 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12582892