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950 Franklin Street

Decatur, IL 62521
  • $1,500,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 6225684
UPDATED: 13 min ago
$1,500,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1924
County:
Area:

School Ratings & Info

School District:

Description

A PACKAGE DEAL OF 33 RENTAL PROPERTIES! The perfect opportunity for an investor. Various locations throughout Macon County. Current owner has spent the time and money remodeling majority of the properties. 30 out of 33 properties are leased. Current rent roll is $20,090/month. Two of the Three unoccupied properties will be freshly remodeled and ready for new tenants soon. This will be sold as a package deal only. Cap Rate estimated at 10%. Call today for more information!

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© 2023 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: 2023-02-06T20:27:38.087.
www.mainplace.us/homes/136096942
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950 Franklin Street Decatur, IL 62521

  • Price: $1,500,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 13 min ago
  • MLS #: 6225684
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1924
Built
Neighborhood:
Decatur
County:
Macon
Area:
Decatur
School District:
Decatur Dist 61
Property Description
A PACKAGE DEAL OF 33 RENTAL PROPERTIES! The perfect opportunity for an investor. Various locations throughout Macon County. Current owner has spent the time and money remodeling majority of the properties. 30 out of 33 properties are leased. Current rent roll is $20,090/month. Two of the Three unoccupied properties will be freshly remodeled and ready for new tenants soon. This will be sold as a package deal only. Cap Rate estimated at 10%. Call today for more information!
Exterior Features

Carport Spaces 0 Lake Front Yn No Roof Shingle Style Other

Interior Features

Cooling Central Hookups In Bldg Yn Yes Hookups In Unit Yn Yes Total Above Grade Sqft 0

Property Features

Gross Scheduled Income 231437.00 Lease Yn Yes Lot Size Square Feet 5400.00 Net Operating Income 152513.00 Operating Expense 88567.50 Owner Pays OtherTrash RemvlWater Property Sub Type 11/+ Units Sewer Desc City Sewer Special Listing Conditions None Subdivision Yn No Tax Amount 15484.70 Tax Exemption None Tax Year 2021 Water Heater Gas Water Source Public Zoning Res

Listing information © 2023 Central Illinois Board of Realtors MLS.
Listing provided courtesy of Ashley Lamb of Brinkoetter, Realtors: 217-875-0555.


© 2023 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: 2023-02-06T20:27:38.087.
 
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Decatur IL, 62523