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2480 N Graceland Avenue

Decatur, IL 62526
  • $950,000
  • STATUS: Active
  • ON SITE: 3 Days
  • MLS #: 6221601
New On Site 3 Days Ago
UPDATED: 28 min ago
$950,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1974
County:
Area:

School Ratings & Info

School District:

Description

Great opportunity to invest in a low-rise multifamily property footsteps away from the Memorial Hospital campus. Graceland Executive Rentals is an all brick 12-unit property. It is currently operated with a mix of term rentals and fully furnished short-term corporate rentals. Per unit rents range from $1,000 to $2,200 per month. Property totals over 8,800 square feet with separately metered units. Numerous interior and exterior updates have been completed within the last 5 years including new roof and replacement windows. Private off-street parking.Contact brokers for rent rolls, historical financials, and proformas.

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© 2022 Central Illinois Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2022-06-26T15:27:38.003.
www.mainplace.us/homes/130133842
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2480 N Graceland Avenue Decatur, IL 62526

  • Price: $950,000
  • Status: Active
  • On Site: 3 Days
  • Updated: 28 min ago
  • MLS #: 6221601
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1974
Built
Neighborhood:
Decatur
County:
Macon
Area:
Decatur
School District:
Decatur Dist 61
Property Description
Great opportunity to invest in a low-rise multifamily property footsteps away from the Memorial Hospital campus. Graceland Executive Rentals is an all brick 12-unit property. It is currently operated with a mix of term rentals and fully furnished short-term corporate rentals. Per unit rents range from $1,000 to $2,200 per month. Property totals over 8,800 square feet with separately metered units. Numerous interior and exterior updates have been completed within the last 5 years including new roof and replacement windows. Private off-street parking.Contact brokers for rent rolls, historical financials, and proformas.
Exterior Features

Carport Spaces 0 Lake Front Yn No Roof RubberShingle

Interior Features

Cooling Central Hookups In Bldg Yn Yes Hookups In Unit Yn No Total Above Grade Sqft 0

Property Features

Gross Scheduled Income 188400.00 Lease Yn Yes Lot Size Square Feet 13176.00 Operating Expense 50000.00 Owner Pays All Utilities Property Sub Type 11/+ Units Sewer Desc City Sewer Special Listing Conditions None Subdivision Yn No Tax Amount 11427.00 Tax Exemption None Tax Year 2020 Water Heater Electric Water Source Public Zoning R-6

Listing information © 2022 Central Illinois Board of Realtors MLS.
Listing provided courtesy of Zane Peterson of Main Place Real Estate.


© 2022 Central Illinois Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2022-06-26T15:27:38.003.
 
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Main Place Real Estate
101 S Main Street, Suite 700
Decatur IL, 62523