213 W Walnut St - Apartments FOR SALE


Watseka, IL 60970
$300,000 USD
815-922-5256
213 W Walnut St, Watseka, IL for Sale
$300,000 USD
Apartments - FOR SALE
1/17
null | 3.15% Cap Rate

213 W Walnut St
Watseka, IL 60970


HIGHLIGHTS

  • Historically significant buidling
  • Potential for adding a business or shop on main floor
  • Great location in town

OVERVIEW

~Price Reduced!~ BEST INVESTMENT OPPORTUNITY in a famous historical building in downtown Watseka! This 14-unit apartment hybrid has a new roof, new windows & screens, and new furnace (transferable warranties). Most of the apartments are on the top floor; there are laundry facilities on the 2nd floor, and a very cool theater on the main floor - which could be converted into retail space. [The building has central air, but tenants can rent window units, as well.] This renowned structure was established by the Railroad Company as a theater & hotel for its employees - it has many beautiful architectural features, as well as modern comforts. A steady source of income and a UNIQUE PROSPECT - come and see! *Roof 2021; water heater, furnace & AC 2010; windows & screens 2020; tuck pointing done 2018 & 2020.*Walnut St is zoned B-1 & B-2 everywhere EXCEPT the 200 block, which is zoned R-2 Single Family.*NOTE: Base rent is $700 for individual & $900/month for 2 people per unit. Rent includes wi-fi and utilities. $200 security deposit. *Window AC rental is $100/month.*Coin operated laundry.*Please include signed disclosures and preapproval/proof of funds along with offer.*Submit offers to co-list agent Sarah Powers at sarah.powers@cbexchange.com

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$32 USD /SF

# OF UNITS

14

PRICE/UNIT

$21,429

CAP RATE

3.15%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1917

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R-2

APN/PARCEL ID

19-32-412-009

ASK ABOUT THIS PROPERTY

Susan FisherColdwell Banker ResidentialMore Info
815-922-5256

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

Susan FisherColdwell Banker ResidentialMore Info
815-922-5256

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