320 W Main St - Apartments FOR SALE


Decatur, IL 62522
$495,000 USD
754-251-0201
320 W Main St, Decatur, IL for Sale
$495,000 USD
Apartments - FOR SALE
1/2
null | 14.5% Cap Rate

320 W Main St
Decatur, IL 62522


HIGHLIGHTS

  • Solid brick construction
  • Renovated
  • Can be sold as a package with a 17 unit close-by.

OVERVIEW

TURNKEY APARTMENTS!!! Solid brick construction. 10 x 1bed/1bath units. 1 x 2bed/1bath units, total of 11 units. Building has been renovated. 1beds rent for $700+ and 2bed rents for $850+. Separate electric meters. PROPERTY WILL GENERATE A 14%+ NET RETURN ON INVESTMENT!!! Can be sold as a package with a 17 unit close-by. Do not miss out on this amazing opportunity.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

11

PRICE/UNIT

$45,000

CAP RATE

14.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

320 West Main Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1939

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

MUNICIPAL

APN/PARCEL ID

04-12-15-256-013

ASK ABOUT THIS PROPERTY

Eli AhmadovLOYD RealtyMore Info
754-251-0201

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Eli AhmadovLOYD RealtyMore Info
754-251-0201

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