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716 Robinson St - Cheap Rentals 5 Unit Apartment Building Offered at $178,607 CAD at a 19.16% Cap Rate Danville, IL 61832
Executive Summary
Great Mini Package!!
Duplex and house on one parcel, and duplex on another. Total of 5 units. 4 x 2bed/1bath units and 1 x 1bed/1bath unit. Tons of potential. PROPERTY WILL GENERATE A 19%+ NET RETURN ON INVESTMENT!! OVER 60K IN VALUE ADD!!! Units are rent ready. One of 2bed units just rented for $750/month. Steal this property for cheap before all units are occupied.
Property management and financing is available.
Duplex and house on one parcel, and duplex on another. Total of 5 units. 4 x 2bed/1bath units and 1 x 1bed/1bath unit. Tons of potential. PROPERTY WILL GENERATE A 19%+ NET RETURN ON INVESTMENT!! OVER 60K IN VALUE ADD!!! Units are rent ready. One of 2bed units just rented for $750/month. Steal this property for cheap before all units are occupied.
Property management and financing is available.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$55,273
|
$12.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$55,273
|
$12.85
|
| Taxes |
$1,600
|
$0.37
|
| Operating Expenses |
$16,813
|
$3.91
|
| Total Expenses |
$18,413
|
$4.28
|
| Net Operating Income |
$36,860
|
$8.57
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $55,273 |
| Annual Per SF | $12.85 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $55,273 |
| Annual Per SF | $12.85 |
| Taxes (CAD) | |
|---|---|
| Annual | $1,600 |
| Annual Per SF | $0.37 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $16,813 |
| Annual Per SF | $3.91 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $18,413 |
| Annual Per SF | $4.28 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $36,860 |
| Annual Per SF | $8.57 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $893.72 CAD | - |
| 1+1 | 1 | $756.23 CAD | - |
| 2+1 | 2 | $1,031 CAD | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 23-05-302-042 | Total Assessment | $13,040 CAD (2024) |
| Land Assessment | $1,803 CAD (2024) | Annual Taxes | $1,600 CAD ($0.37 CAD/SF) |
| Improvements Assessment | $11,238 CAD (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
23-05-302-042
Land Assessment
$1,803 CAD (2024)
Improvements Assessment
$11,238 CAD (2024)
Total Assessment
$13,040 CAD (2024)
Annual Taxes
$1,600 CAD ($0.37 CAD/SF)
Tax Year
2026
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716 Robinson St - Cheap Rentals
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