Royal Oaks Rd Rockford,, IL 61107

Features

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Facts

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Description

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Terrific opportunity! 723 of prime Interstate I-90 FRONTAGE! And just 1 mile from the proposed new Hard Rock Casino!! Buildable, 5.4 acres in this premier location that is located in an Enterprise Zone in Rockford. Adjacent land (20 acres) to the north and south also available with more I-90 frontage. Zoned C-1 and current use is farmland with incredibly low taxes. The current owner has a transferable variance for a tall sign on Interstate 90, for 30 above the travel lanes. The creek runs along part of the east side and the northeast corner of the parcel. Water and sewer at lot line as the property backs up to a condominium development. Endless possibilities: divisible, agreement for deed, seller financing, lease to buy, joint venture. One of the photos shows a proposed site plan for 5 8-unit condo buildings.