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320 West Main Street 320 W Main St 11 Unit Apartment Building $675,299 CAD ($61,391 CAD/Unit) 14.50% Cap Rate Decatur, IL 62522
Investment Highlights
- Solid brick construction
- Can be sold as a package with a 17 unit close-by.
- Renovated
Executive Summary
TURNKEY APARTMENTS!!!
Solid brick construction. 10 x 1bed/1bath units. 1 x 2bed/1bath units, total of 11 units. Building has been renovated. 1beds rent for $700+ and 2bed rents for $850+. Separate electric meters. PROPERTY WILL GENERATE A 14%+ NET RETURN ON INVESTMENT!!! Can be sold as a package with a 17 unit close-by.
Do not miss out on this amazing opportunity.
Solid brick construction. 10 x 1bed/1bath units. 1 x 2bed/1bath units, total of 11 units. Building has been renovated. 1beds rent for $700+ and 2bed rents for $850+. Separate electric meters. PROPERTY WILL GENERATE A 14%+ NET RETURN ON INVESTMENT!!! Can be sold as a package with a 17 unit close-by.
Do not miss out on this amazing opportunity.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$128,511
|
$21.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$128,511
|
$21.42
|
| Taxes |
$5,902
|
$0.98
|
| Operating Expenses |
$24,693
|
$4.12
|
| Total Expenses |
$30,594
|
$5.10
|
| Net Operating Income |
$97,917
|
$16.32
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $128,511 |
| Annual Per SF | $21.42 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $128,511 |
| Annual Per SF | $21.42 |
| Taxes (CAD) | |
|---|---|
| Annual | $5,902 |
| Annual Per SF | $0.98 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $24,693 |
| Annual Per SF | $4.12 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $30,594 |
| Annual Per SF | $5.10 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $97,917 |
| Annual Per SF | $16.32 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $954.97 CAD | - |
| 2+1 | 1 | $1,160 CAD | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 04-12-15-256-013 | Total Assessment | $62,315 CAD (2024) |
| Land Assessment | $10,799 CAD (2024) | Annual Taxes | $5,902 CAD ($0.75 CAD/SF) |
| Improvements Assessment | $51,516 CAD (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
04-12-15-256-013
Land Assessment
$10,799 CAD (2024)
Improvements Assessment
$51,516 CAD (2024)
Total Assessment
$62,315 CAD (2024)
Annual Taxes
$5,902 CAD ($0.75 CAD/SF)
Tax Year
2026
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320 West Main Street | 320 W Main St
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