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Broadway St 715 W Broadway St 4 Unit Apartment Building $262,537 CAD ($65,634 CAD/Unit) 12.71% Cap Rate Sparta, IL 62286
INVESTMENT HIGHLIGHTS
- Two Buildings, One Parcel
- Cash Flow is the key!
- 0.960 Acres
EXECUTIVE SUMMARY
Cash flow opportunity! This fully updated 4-unit property is located on a large parcel with two separate buildings. The property features: Two 2-bedroom, 1-bath units rented at $900/month (tenant pays gas & electric) One 1-bedroom, 1-bath unit rented at $900/month (all utilities included) One studio unit rented at $750/month (all utilities included) Landlord covers water, trash, and lawn care. With a total monthly income of $3,450, this property offers excellent potential for steady returns. Well-maintained and low-maintenance, it’s the perfect addition to your investment portfolio!
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$57,236
|
$14.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,579
|
$1.14
|
| Effective Gross Income |
$52,657
|
$13.16
|
| Taxes |
$3,755
|
$0.94
|
| Operating Expenses |
$15,539
|
$3.88
|
| Total Expenses |
$19,294
|
$4.82
|
| Net Operating Income |
$33,362
|
$8.34
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $57,236 |
| Annual Per SF | $14.31 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,579 |
| Annual Per SF | $1.14 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $52,657 |
| Annual Per SF | $13.16 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,755 |
| Annual Per SF | $0.94 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,539 |
| Annual Per SF | $3.88 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $19,294 |
| Annual Per SF | $4.82 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $33,362 |
| Annual Per SF | $8.34 |
PROPERTY FACTS
| Price | $262,537 CAD | Apartment Style | Townhome |
| Price Per Unit | $65,634 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.95 AC |
| Cap Rate | 12.71% | Building Size | 4,000 SF |
| Gross Rent Multiplier | 6.03 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1978/2024 |
| Property Subtype | Apartment |
| Price | $262,537 CAD |
| Price Per Unit | $65,634 CAD |
| Sale Type | Investment |
| Cap Rate | 12.71% |
| Gross Rent Multiplier | 6.03 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.95 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1978/2024 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $1,244 CAD | - |
| 1+1 | 1 | $1,244 CAD | - |
| Studios | 1 | $1,037 CAD | - |
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Broadway St | 715 W Broadway St
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