Skip To Content

3321 Boulder Ridge Drive

Champaign, IL 61822
  • $2,700,000
  • STATUS: Active
  • ON SITE: 6 Days
  • MLS #: 12049595
New On Site 6 Days Ago
UPDATED: 119 min ago
$2,700,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2019
County:
Area:

School Ratings & Info

Description

Outstanding opportunity to own 12 one to three year old townhomes all in right next to each other. This package home is bringing in $270,200 in annual income! Huge Value add opportunity with future rent increases. Comps are supporting 2000/month rents. Tenants pay for all utilities. Owner pays the HOA fee of $125/unit/year. Solar Panels have been installed on every home with EV Hookups in every garage. The Electric bills are next to nothing, saving your tenants money making them easier to rent. Essentially maintenance free due to age. The numbers work on this one. Many of these back up to water, a few of them vacant land. There is a community common area less than 1 block away, and Subdivision park with trails, basketball and tennis courts, sledding hills, and skate park. Location is near University of Illinois and Parkland College. Full list of financials, leases, rent rolls on file. NOTE: Owner owns a total of 22 units in this SubD. They are willing to bundle and create unique packages. Ask about the other duplexes available. Have banks that have all the financials on record and have approved the loan package for purchase (subject to financing guidelines)--

Monthly Payment Calculator



© 2024 Midwest Real Estate Data LLC. 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 MTP, MRED or Main Place Real Estate. Based on information submitted to the MRED as of 2024-05-22T19:59:38.513 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
www.mainplace.us/homes/150553781
Print Image

3321 Boulder Ridge Drive Champaign, IL 61822

  • Price: $2,700,000
  • Status: Active
  • On Site: 6 Days
  • Updated: 119 min ago
  • MLS #: 12049595
0
Beds
0
Baths
0
½ Baths
0.1
Acres
2019
Built
Neighborhood:
Champaign
County:
Champaign
Area:
Champaign
Property Description
Outstanding opportunity to own 12 one to three year old townhomes all in right next to each other. This package home is bringing in $270,200 in annual income! Huge Value add opportunity with future rent increases. Comps are supporting 2000/month rents. Tenants pay for all utilities. Owner pays the HOA fee of $125/unit/year. Solar Panels have been installed on every home with EV Hookups in every garage. The Electric bills are next to nothing, saving your tenants money making them easier to rent. Essentially maintenance free due to age. The numbers work on this one. Many of these back up to water, a few of them vacant land. There is a community common area less than 1 block away, and Subdivision park with trails, basketball and tennis courts, sledding hills, and skate park. Location is near University of Illinois and Parkland College. Full list of financials, leases, rent rolls on file. NOTE: Owner owns a total of 22 units in this SubD. They are willing to bundle and create unique packages. Ask about the other duplexes available. Have banks that have all the financials on record and have approved the loan package for purchase (subject to financing guidelines)--
Interior Features

Basement Crawl Cooling Central Air Fireplaces Total 0 Heat Ventilation ElectricForced Air Number Of Dishwashers 12 Number Of Dryers 0 Number Of Ranges 12 Number Of Washers 0

Property Features

Additional Parcels YN No Approximate Age 1-6 Years Built Before1978 YN No Current Use Multi-Family Green Energy Efficient Photovoltaic/Solar System Gross Income 270000 Gross Scheduled Income 270000 Insurance Expense 5676 Maintenance Expense 0 Mls Actual Status Active Net Operating Income 0 Operating Expense 62497 Tax Annual Amount 60997 Tax Year 2022 Tenant Pays Air ConditioningElectricityHeatScavengerSewerWaterHot Water Total Monthly Income 22500 Township Champaign Type Multi Family 5+

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of eXp Realty,LLC-Maho: 217-239-7113.


© 2024 Midwest Real Estate Data LLC. 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 MTP, MRED or Main Place Real Estate. Based on information submitted to the MRED as of 2024-05-22T19:59:38.513 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12049595-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12049595-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12049595-1.jpg
Logo
Main Place Real Estate
101 S Main Street, Suite 700
Decatur IL, 62523