987 Clock Tower Dr - Apartments FOR SALE


Springfield, IL 62704
$850,000 USD
217-786-8183
987 Clock Tower Dr, Springfield, IL for Sale
$850,000 USD
Apartments - FOR SALE
1/18
null | 9.38% Cap Rate

987 Clock Tower Dr
Springfield, IL 62704


OVERVIEW

11-Unit Mixed-Use | 9–10% Cap | High-Income Asset Exceptional mixed-use investment opportunity in Springfield featuring 11 income-producing units. 6 residential apartments (1 bed / 1 bath, W/D in each unit) 5 commercial units (each with private bathroom) Annual Gross Income: $120,720 NOI: $83,940 Cap Rate: ~9-10% Highlights: Diversified tenant mix Strong in-place income Ideal for 1031 exchange or portfolio expansion Seller is offering properties FSBO and will cooperate with buyer agents. Seller is offering a 2.5% buyer agent commission.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

11

PRICE/UNIT

$77,273

CAP RATE

9.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,796 SF

ZONING

S-2

APN/PARCEL ID

14-31.0-376-015

ASK ABOUT THIS PROPERTY

Brent JuddApe RidgeMore Info
217-786-8183

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Brent JuddApe RidgeMore Info
217-786-8183

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