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Off Market
1/29

12598 Edwards Ln
Ina, IL 62846


HIGHLIGHTS

  • Close to Rend Lake College!
  • Mostly rented by Rend Lake College students
  • 16 unit apartment complex!

OVERVIEW

These apartments are an excellent investment opportunity! There are 16 2 bedroom/2 bath furnished units adjacent to Rend Lake College. They are primarily rented to Rend Lake College student athletes. The units have been updated this summer (2019) with new paint, colored doors, trim throughout and updated furniture. The apartments are furnished and include a 2-person desk in each bedroom as well as 2 walk-in closets that are lockable. The apartments have an on-site manager who is long-term and responsible. The manager has her own apartment, and a separate leasing office. There is a laundry room and mail boxes in the center of the apartment complex. The complex has 7 security cameras, and the entire parking lot is well lit. Units 1-4 were built in 2001. Units 5-16 were built in 2004! More units can be built on the 8.43 acres. Financials available to serious investors. Call to schedule showing!

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

18320

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

8.43 AC AC

LAND SF

367,211 SF

ZONING

-

APN/PARCEL ID

15-31-300-003