218 E River St - Apartments FOR SALE


Rockton, IL 61072
$975,000 USD
773-606-1450
218 E River St, Rockton, IL for Sale
$975,000 USD
Apartments - FOR SALE
1/5
null | 6.81% Cap Rate

218 E River St
Rockton, IL 61072


HIGHLIGHTS

  • Significant Rental Upside
  • Quiet Low Density Setting
  • Across the Street from Rock River
  • Ample Parking
  • Recent Capital Improvements

OVERVIEW

218 E. River Street, Rockton, IL is situated in a quiet low-density neighborhood, across the street from the Rock River. The subject property was constructed in 1951 and sits on 0.57 acres. The unit mix consists of consisting two two-bedroom units and 10 one-bedroom units. The property has received recent improvements including 6-7 unit renovations, new hot water heaters, half of the units have received new electric panels, concrete work, and the building exterior was recently repainted. This is an opportunity for an investor to purchase a well-located asset and capture significant cash flow by capturing market rents either as-is or through renovations. Please contact listing agent if you would like the full OM or if you would like to set up a property tour.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$155 USD /SF

# OF UNITS

12

PRICE/UNIT

$81,250

CAP RATE

6.81%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,118 SF

ZONING

-

APN/PARCEL ID

03-13-376-003,03-24-401-004

ASK ABOUT THIS PROPERTY

James ZieglerMarcus & MillichapMore Info
773-606-1450

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James ZieglerMarcus & MillichapMore Info
773-606-1450

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