Apartment Buildings /IL /Knox County /Galesburg /65 Locust St
Apartment Buildings /IL /Knox County /Galesburg /65 Locust St

65 Locust St - Apartments FOR SALE


Galesburg, IL 61401 | 
$1,300,000 USD
317-728-8854
65 Locust St, Galesburg, IL for Sale
$1,300,000 USD
Apartments - FOR SALE
1/5
null | 7.78% Cap Rate
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65 Locust St
Galesburg, IL 61401

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HIGHLIGHTS

  • Below Market Rents: $100/unit Mark-to-Market Opportunity
  • Strong In-Place Yield: 7.78% Going-In Cap Rate
  • Attractive Basis: $54,167 /unit
  • Desirable Townhome Layouts: 50% 2 Bedroom | 50% Three Bedroom

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$45 USD /SF

# OF UNITS

24

PRICE/UNIT

$54,167

CAP RATE

7.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Locust Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C

APN/PARCEL ID

99-14-226-038

ASK ABOUT THIS PROPERTY

Aaron KuroiwaMarcus & MillichapMore Info
317-728-8854

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Aaron KuroiwaMarcus & MillichapMore Info
317-728-8854

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

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