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Carrollton Apartments 818 6th St 16 Unit Apartment Building $1,070,312 CAD ($66,894 CAD/Unit) 12.24% Cap Rate Carrollton, IL 62016
Investment Highlights
- All concrete block construction, between units and between stories!!!!
- Potential to raise rents!!! Increase cap rate to 13.5%!!!!
- $93,047 net income per year!!! LONG TERM TENANTS!!!
- 16 Brand new A/C units, new electric, new roof, new everything!!!
Executive Summary
GREAT INVESTMENT OPPORTUNITY!!!
16 units. 8 x 1bed/1bath and 8 x 2bed/1bath. 2beds rent for $800 and 1beds rent for $650!!!!! These properties are perfect!!! New electric, new central heat and air units, newer roof, new metal staircases and list goes on. All work is done to the top standard. Excellent condition inside and out. Absolutely no deferred maintenance. Highest quality of construction. All concrete, including walls between units and stories. Long term and high quality tenants. Nicest property on the market today. GENERATES A 12.24%+ NET RETURN ON INVESTMENT TODAY with NO SURPRISES!!! Room to increase rents for a higher return, units are under rented!!!
Do not miss out on this opportunity.
16 units. 8 x 1bed/1bath and 8 x 2bed/1bath. 2beds rent for $800 and 1beds rent for $650!!!!! These properties are perfect!!! New electric, new central heat and air units, newer roof, new metal staircases and list goes on. All work is done to the top standard. Excellent condition inside and out. Absolutely no deferred maintenance. Highest quality of construction. All concrete, including walls between units and stories. Long term and high quality tenants. Nicest property on the market today. GENERATES A 12.24%+ NET RETURN ON INVESTMENT TODAY with NO SURPRISES!!! Room to increase rents for a higher return, units are under rented!!!
Do not miss out on this opportunity.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$187,498
|
$13.39
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$187,498
|
$13.39
|
| Taxes |
$20,778
|
$1.48
|
| Operating Expenses |
$35,664
|
$2.55
|
| Total Expenses |
$56,442
|
$4.03
|
| Net Operating Income |
$131,056
|
$9.36
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $187,498 |
| Annual Per SF | $13.39 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $187,498 |
| Annual Per SF | $13.39 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,778 |
| Annual Per SF | $1.48 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $35,664 |
| Annual Per SF | $2.55 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $56,442 |
| Annual Per SF | $4.03 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $131,056 |
| Annual Per SF | $9.36 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,127 CAD | - |
| 1+1 | 8 | $915.52 CAD | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03-92-22-412-005 | Total Assessment | $308,338 CAD (2024) |
| Land Assessment | $8,916 CAD (2024) | Annual Taxes | $20,778 CAD ($1.48 CAD/SF) |
| Improvements Assessment | $299,422 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
03-92-22-412-005
Land Assessment
$8,916 CAD (2024)
Improvements Assessment
$299,422 CAD (2024)
Total Assessment
$308,338 CAD (2024)
Annual Taxes
$20,778 CAD ($1.48 CAD/SF)
Tax Year
2025
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Carrollton Apartments | 818 6th St
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