1833 Seven Pines Rd - Apartments FOR SALE
Springfield, IL 62704 |
1833 Seven Pines Rd
Springfield, IL 62704
HIGHLIGHTS
- Westbrook Apartments has been owned and operated at a high standard by a sole owner for the last six years.
- History of exceptional occupancy and high tenant retention, with over 27% of the tenants having lived on-site for three-plus years.
- Ownership strategically upgraded 100 units which are achieving a $50 rental premium on average.
- Direct access to I-55 and I-72 provides easy access to the downtown central business district and key employment hubs.
- A new investor can immediately increase revenue by adding washer/dryers in more units, increasing rental rates at the property.
- Abundant in-demand retail and entertainment amenities with minutes of the property making it a highly desirable location.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Pine Ridge Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
193800
STORIES
3
YEAR BUILT
1973
PARKING SPACES
445
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
22-08.0-351-001
