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429 South St 10 Unit Apartment Building Offered at $672,889 CAD Pekin, IL 61554
Investment Highlights
- Provides Immediate Cash Flow and is Consistently Fully Leased
- Complex is Well Maintained and Professionally Managed
Executive Summary
10 unit apartment building that can generate new owners immediate cash flow, with room for rent increases.? With rear parking lot available for tenants, common laundry, individual storage units in the basement, this apartment complex has been well maintained, is professionally managed (Stoneburner) and is consistently fully leased.? Each of the 10 units are 1 bedroom and 1 bathroom, have owner owned appliances, and each unit has a slider door leading out the back to either a patio or a deck.? Tenants each pay their own separately metered Ameren utilities.? Video Walkthrough Tour available here: https://rem.?ax/429SouthUnitD.? Property is listed at a pro forma 11.3% CAP Rate.?
Property Facts
| Price | $672,889 CAD | Lot Size | 0.35 AC |
| Price Per Unit | $67,289 CAD | Building Size | 5,440 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 10 | Year Built | 1972 |
| Property Type | Multifamily | ||
| Zoning | RM-2 | ||
| Price | $672,889 CAD |
| Price Per Unit | $67,289 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Lot Size | 0.35 AC |
| Building Size | 5,440 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | RM-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 04-10-03-425-007 | Improvements Assessment | $156,637 CAD |
| Land Assessment | $15,067 CAD | Total Assessment | $171,705 CAD |
Property Taxes
Parcel Number
04-10-03-425-007
Land Assessment
$15,067 CAD
Improvements Assessment
$156,637 CAD
Total Assessment
$171,705 CAD
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429 South St
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