241 Maple St - Multi-Family FOR SALE


Paw Paw, IL 61353
$350,000 USD
608-437-3044
241 Maple St, Paw Paw, IL for Sale
$350,000 USD
Multi-Family - FOR SALE
1/7
null | Request Cap Rate

241 Maple St
Paw Paw, IL 61353


OVERVIEW

1 - 4 unit building and 1 - 8 building unit. 4- 1 bedroom units and 8 - 2 bedroom units. Separate electric heat in each unit. Landlord pays water and sewer. Property currently in USDA Rural Development 515 Low Income Housing Program. Buyer must assume current USDA Rural Development loan that is scheduled to be paid in full September 2042. Current loan balance approximately $164,000.00. The Rural Development 515 Low Income Housing Program restricts the total income for tenants and the total rent that can be charged to tenants.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$41 USD /SF

# OF UNITS

12

PRICE/UNIT

$29,167

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Paw Paw Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1992

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

-

APN/PARCEL ID

22-18-10-453-017

ASK ABOUT THIS PROPERTY

Alex PfisterCentury 21 Affiliated PfisterMore Info
608-437-3044

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Alex PfisterCentury 21 Affiliated PfisterMore Info
608-437-3044

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