740 E Douglas Ave - Apartments FOR SALE


Jacksonville, IL 62650
$320,000 USD
217-883-1408
740 E Douglas Ave, Jacksonville, IL for Sale
$320,000 USD
Apartments - FOR SALE
1/6
null | 10% Cap Rate

740 E Douglas Ave
Jacksonville, IL 62650


OVERVIEW

For sale by owner, 8-unit apartment building for sale in Jacksonville Illinois. All units are one bedroom one bathroom. 7 of the 8 units are occupied. The 8th unit needs the renovation completed at an estimated cost of about $10,000. The other 7 units currently bring in a monthly income of $4,500.00. 5 of the units are rented to a community organization for $600per unit per month. The check comes directly to the owner each month. One unit is operated as a mid-term rental for workers traveling in the area for $1000 per month. The eighth unit after renovation, would be a good candidate to expand another unit to mid-term rental. The 7th unit rents for $500/mo. This is a very easy building to manage and would be ideal for an out of state investor. The property covers water and trash service. Tenants are responsible for for their own electric service. The property does cover the electric and internet service for the mid-term rental unit.

FOR SALE DETAILS

PRICE

$320,000 USD

PRICE/SF

$67 USD /SF

# OF UNITS

8

PRICE/UNIT

$40,000

CAP RATE

10%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,650 SF

ZONING

MF

APN/PARCEL ID

09-21-142-007

ASK ABOUT THIS PROPERTY

Brice Laux5L Rentals LLCMore Info
217-883-1408

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Brice Laux5L Rentals LLCMore Info
217-883-1408

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