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110 W Lake Shore Dr
Springfield, IL 62703
West lake apartments · Multifamily Property For Sale
·
62 Units
PROPERTY FACTS
| No. Units | 62 | Building Size | 42,560 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1973/2015 |
| Building Class | C | Parking Ratio | 2.54/1,000 SF |
| Lot Size | 1.50 AC | ||
| Zoning | R2 | ||
| No. Units | 62 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.50 AC |
| Building Size | 42,560 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2015 |
| Parking Ratio | 2.54/1,000 SF |
| Zoning | R2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Ceiling Fans
- Tile Floors
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Carpet
SITE AMENITIES
- Laundry Facilities
ABOUT 110 W LAKE SHORE DR , SPRINGFIELD, IL 62703
SPRINGFIELD PORTFOLIO SPRINGFIELD, IL Marcus & Millichap is pleased to present the Springfield Portfolio. The portfolio is comprised of three apartment properties in Central Illinois which total 62 units. Two of the properties are in Springfield, while the third is nearby in Lincoln. The Improvements: All three properties have undergone a significant amount of improvements, well-positioning them for the years ahead. Here are the capital improvements over the last few years: 2018: Bathroom renovations and air conditioning units replaced 2017: 48 units renovated with new flooring - either hardwood (36) or ceramic tile (12) 2016: New roof at 301 W Scarritt St and two new roofs at 105 Stringer Ave 2015: Nearly all windows replaced at 301 W Scarritt St The Properties: The West Lincoln Apartments are located at 105 Stringer Ave in Lincoln, Illinois. There are 16 one-bedroom apartments split between four buildings. 6 of these units were renovated with new hardwood flooring, and every unit has central air and heat. There is coin-laundry on-site, and the West Lincoln Apartments is currently 100% occupied. 301 W Scarritt Ave is located in Springfield, Illinois. Scarritt has 10 units all located under one roof, and all 10 units were renovated with new hardwood flooring. The unit-mix is split between 8 two-bedroom/one-bath and 2 one-bedroom/one-bath units. There are 10 covered parking spots underneath the building, coin-laundry and storage areas in the lower level, and Scarritt is currently 100% occupied as well. The West Lake Apartments are located at 110 W Lake Shore Dr in Springfield, Illinois. West Lake has 24 townhome units and 12 garden units. Every townhome is two-bedroom/one-bath, while 10 of the garden units are two-bedroom/one-bath. The remaining two garden units are one-bedroom/one-bath, and one of them is currently being used as an office. The office was one of the units which underwent ceramic tile flooring renovation, and it can easily be converted back to a rentable space. In total, 20 of the townhomes were renovated with hardwood flooring, and all 12 of the garden units were renovated with ceramic tile flooring. Currently, 33 of the 35 rentable units are occupied.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 650 |
| 2+1 | 34 | - | 950 |
