847-975-8358
1833 Seven Pines Rd, Springfield, IL for Sale
Apartments - FOR SALE
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1833 Seven Pines Rd
Springfield, IL 62704


OVERVIEW

??????? Colliers is pleased to present Pine Ridge Apartments, a 220-unit garden-style community located at 1833 Seven Pines Road in Springfield, Illinois. Built in 1973 and situated on 12.77 acres, the property features thirteen three-story buildings with a mix of spacious one- and two-bedroom residences. The community offers 28 one-bedroom units averaging 750 square feet with in-place rents of $874 per unit ($1.17/SF), and 192 two-bedroom units averaging 900 square feet with in-place rents of $1,020 per unit ($1.13/SF). Overall, Pine Ridge Apartments averages 881 square feet per unit with an average in-place rent of $995 ($1.14/SF), providing a competitively priced option within the Springfield market.

FOR SALE DETAILS

PRICE

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# OF UNITS

220

CAP RATE

Request Cap Rate

% LEASED

46%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pine Ridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1973

PARKING SPACES

445

LAND DETAILS

LAND ACRES

12.77 AC

LAND SF

556,261 SF

ZONING

-

APN/PARCEL ID

22-08.0-351-001

ASK ABOUT THIS PROPERTY

Tyler HagueColliersMore Info
847-975-8358

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Tyler HagueColliersMore Info
847-975-8358

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.