Rental property package offered for sale by
    Michael Fuerst, 217-239-5844, mjerryfuerst@yahoo.com
  (Last updated Jan 20, 2011)

Notes and proposed terms follow tables of properties 
Links are provided  for photos that I have taken in the course of advertising properties for rent.
Links to on-line maps are provided (google map).

The next two tables, list available multiunit and single family houses.

Notes:
In multiunits, all units unfurnished, owner pays heat, water, hot water,
    sewer taxes and hauling, while occupants have 
    individually metered electric.
    Owner provides stove and refrigerator
In houses, tenants pay all utilities.   Owner pays sewer taxes.
Owner provides stove and refrigerator in most of the houses.
Owner provides W/D at 203 N Sixth
All units currently rented.
Most apartments leased from mid-August to mid-August, with one or two 1 Aug to 31 Jul, and
one or two on a month to month basis.
Section 8 houses leased on annual basis with end dates at various times.
Other houses leased from mid-August to mid-August, with one or two 1 Aug to 31 Jul

I will answer all additional questions about these properties.
I want purchaser(s) of these properties to succeed.  
I will be happy to provide suggestions, experience and advice to purchasers 
about managing the properties, and provide purchasers the computer program and 
procedures I use to track rent collections.


Proposed terms (although seller invites alternative proposals for all or part of the package):

Price for whole package equal to sum above prices  (includes all unsold and non sale pending properties) 
   to be sold on contract  amortized over 20 or more years at 7.5%, a 10-yr balloon 
   with 18% cash down

Properties can be sold individually.
Individual single family homes can be sold with a lower downpayment to buyers deemed reliable. 

Credits (taxes, pre-paid rents and deposits, etc) to be subtracted from contract balance, 
which of course is equivalent to increasing the down payment by the amount of credits

    

    


Remember that when the seller provides financing, which I am willing to do,
an offer and subsequent sales agreement consists of several components: 
(a) price,  (b) downpayment, (c) interest rate, 
(d) amoritzation (e) balloon payment date, and (f) options for extending balloon date. 
I suspect that any interested party and I can agree to terms by adjusting
one or more of the above mentioned components.
All offers will be seriously considered.