Investment 236 unit package, turn-key operation w/excellent numbers & cash-flow. Well ran operation, 96 percent leased, offered at an attractive 4.94 G.R.M. at package price, ave of 39,990/unit. Regional draw w/ larger units & open commons space, 11 miles from Champaign-Urbana. Solid built buildings, well maintained, park-like open commons spaces. Good operation ran well by the same ownership for about 20 years. Fully staffed, on-site leasing office, maintenance, equipment, vehicles, brick storage/maintenance buildings, etc. Mix of both townhouse style units & zero-lot-line/duplex tri-levels w/full featured kitchens, laundry hook-ups & lots of space. Excellent location in the South Pointe Commons neighborhood close to newer town pool & water-park, Village Class-A Insp-dept rating.
COMPLEX CONSISTS OF THREE BUILDINGS, EACH TWO STORIES, SURROUNDING A COMMON COURTYARD AREA THERE ARE FOUR EACH ONE BEDROOM AND ONE BATH APPROXIMATELY 565 SQ FEET,FOUR TWO BEDROOM, TWO BATH APPROXIMATELY 780 SQ FT AND TWO THREE BEDROOM, TWO BATH APPROXIMATELY 1241 SQ FT APARTMENTS IN THE COMPLEX. COIN OP LAUNDRY FACILITIES ARE LOCATED IN THE CENTER BUILDING..STEAM HEAT AND WATER ARE INCLUDED IN THE MONTHLY RENT. TENANT PAYS ELECTRICITY, BUILT IN THE WALL AIR CONDITIONING UNIT FOR EACH APARTMENT. APARTMENTS ARE ONLY ONE LEVEL EACH AND THERE IS A SECOND LEVEL OF APARTMENTS IN EACH BUILDING, RANGES AND REFRIGERATORS ARE INCLUDED IN THE MONTHLY RENT. FLOORS CONSIST OF CARPET AND VINYL..ONLY STREET PARKING IN FRONT OF BUILDINGS AS WELL AS LIMITED PARKING AT THE REAR OFF THE ALLEY.
Well maintained and well built apartment complex. Two sets of duplex's featuring 2 bdrms, bath, and attached garage. Open floor plan. Kitchen/dining room combo. Laundry hook-ups in each of the four units. Tenants have been here for quite sometime. Garden shed in rear of property for lawn/maintenance equipment. There are also two additional lots to the west that will remain with the property. Owner would like to sell as a complete set. Owner maintains exterior ground. Utilities are separate and paid by each tenant. Garden plots if you would like and there is a small park area nearby.
Motivated seller offering his six apartment complex for sale. Approximately 1000 sq ft building in front of apartment complex part of this deal. Used as storage at present time. Owner has two storage units that are rented to a couple of tenants. All apartments come with refrigerator and stove. There is a coin-operated washer-dryer on lower level. Owner pays water & gas. Heat system is about 5 yrs; hot water heater about 5 yrs; two egress windows were just added in 2015 for about $6,000. All apartments are rented; several there for a while. The apartment building is approx. 3,244 sq ft. Mechanical room. Some improvements: vinyl siding, some windows, Each unit metered separately for electrical. Parking off rear.
THIS FOUR APARTMENT HOUSE IN RANTOUL WOULD MAKE AN EXCELLENT ADDITION TO YOUR INVESTMENT PORTFOLIO. THREE APARTMENTS IN HOUSE (ALL WITH SEPARATE OUTSIDE ENTRANCES), AND ONE IN A CONVERTED GARAGE. SOME APPLIANCES REMAIN.
THREE ALL BRICK TWO BEDROOM, ONE FULL BATH UNITS ON ONE LEVEL , NEW SHINGLES, NEW ROOF AND NEW FLOOR COVERINGS AND NEW APPLIANCES IN 2012. NEWER KITCHENS PAST FEW YEARS ALSO, TENANTS PAYS ELECTRICITY AND OWNER OF COMPLEX PAYS GAS, WATER AND REFUSE COLLECTION, ON AND OFF STREET PARKING..LOCATED ON QUIET CUL DE SAC IN RESIDENTIAL AREA BOARDING AN UPSCALE SUB DIVISION WITH MATURE TREES IN A FRIENDLY COMMUNITY
Roof 10 yrs. Furnace & Water Heaters in 102 & 106 are 5 yrs old. Good rental history with month to month leases. Owner pays water. Tenants each pay other utilities. Each unit is equipped with washer & dryer hook-ups. Includes 3 Parking spaces.
FULLY LEASED FOUR 2 BEDROOM UNITS. LEASES ARE PERPETUAL. SELLER IN PROCESS OF CONVERTING TO ANNUAL LEASES. #1 TENANT 13 YEARS, #2, 11 MOS, #3, 9 MOS, #4, 2 YEARS. CITY INSPECTED 2014 AND RECEIVED "A" RATING. 3 STOVES ELECTRIC, 1 STOVE GAS. NEW GOODMAN FURNACE #2, 2014. CRAWL SPACE ENTRANCE ON EAST END. MGMT PAYS GARBAGE SVC $65 MO. YARD SVC BY OWNER
THREE, TWO BEDROOM, ONE BATHROOM UNITS WITH LAUNDRY ROOM JUST OFF KITCHEN IN EACH UNIT, DOORS AND WINDOWS FACE SOUTH. ON STREET PARKING OR PARKING AT THE REAR JUST OFF ALLEY, VERY WELL MAINTAINED AND EASY TO RENT. WOOD SIDING WITH FACE BRICK, ASPHALT SHINGLES CENTRAL HEATING AND AIR CONDITIONING ,LOCATED ACROSS THE STREET FROM WABASH PARK, AND WITHIN WALKING DISTANCE TO THE HIGH SCHOOL
Great investment opportunity! Four apts. all including stove & fridge. 75 x 36 lot to the East with separate PIN included in price. Electric and water have separate bills for each unit. Nicor Gas has one meter for building. Units 1 & 2 have washer/dryer hookups.
Age: Over 50 Years Old
Amenities: Porch, Basement, Cable Ready
Architecture Style: Other
Cooling System: Central A/C, Wall Unit(s) A/C, Window Unit(s) A/C