818 6th St - Apartments FOR SALE


Carrollton, IL 62016
$759,900 USD
754-251-0201
818 6th St, Carrollton, IL for Sale
$759,900 USD
Apartments - FOR SALE
1/5
null | 11.04% Cap Rate

818 6th St
Carrollton, IL 62016


HIGHLIGHTS

  • 16-unit multifamily building
  • Strong financial performance: gross income ~$124,000 / year, net income ~$83,927 / year, net return ~11.04%
  • Upside potential: many units under-rented, room to increase rents for higher yield

OVERVIEW

GREAT INVESTMENT OPPORTUNITY!!! 16 units. 8 x 1bed/1bath and 8 x 2bed/1bath. These properties are perfect!!! New electric, new central heat and air units, newer roof, new metal staircases and list goes on. All work is done to the top standard. Excellent condition inside and out. Absolutely no deferred maintenance. Highest quality of construction. All concrete, including walls between units and stories. Long term and high quality tenants. Nicest property on the market today. Will generate a 11%+ NET RETURN ON INVESTMENT with NO SURPRISES!!! Room to increase rents for a higher return, units are under rented!!! Do not miss out on this opportunity.

FOR SALE DETAILS

PRICE

$759,900 USD

PRICE/SF

$54 USD /SF

# OF UNITS

16

PRICE/UNIT

$47,494

CAP RATE

11.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carrolton Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments, Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

Multifamily

APN/PARCEL ID

03-92-22-412-005

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.