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HIGH-YIELD 24-UNIT APARTMENT BUILDING 111 Bannon Dr 24 Unité Immeuble d’appartements 1 718 883 $ CAD (71 620 $ CAD/Unité) 11,74% Taux de capitalisation Dwight, IL 60420
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FAITS SAILLANTS DE L'INVESTISSEMENT
- HIGH-YIELD INVESTMENT | 11.74% PRO-FORMA CAP RATE This property offers an exceptionally strong in-place return. Based on the 2024 full-year financials
RÉSUMÉ DE L'ANNONCE
PROPERTY HEADLINE: HIGH-YIELD 24-UNIT APARTMENT BUILDING | 11.74% PRO-FORMA CAP RATE | HUD SUBSIDIZED
PROPERTY DESCRIPTION: Presenting a rare opportunity to acquire a high-yield, 24-unit apartment building with a stable and guaranteed income stream. This property is a high-performing asset, buoyed by a significant HUD subsidy that ensures consistent occupancy and reliable cash flow, making it a recession-resistant investment.
The property generated a 2024 Net Operating Income of over $146,000, demonstrating strong in-place financial performance. With a pro-forma capitalization rate of 11.74% at the asking price, this offering represents one of the most compelling investment opportunities in the market for an investor seeking immediate and substantial returns. The property offers a desirable mix of units and has been well-maintained. This is a perfect turnkey asset for an investor looking to add a reliable, cash-flowing property to their portfolio.
### INVESTMENT HIGHLIGHTS:
* HIGH-YIELD INVESTMENT | 11.74% PRO-FORMA CAP RATE This property offers an exceptionally strong in-place return. Based on the 2024 full-year financials, the pro-forma cap rate is 11.74%, providing an immediate and significant return on investment.
* STABLE & GUARANTEED INCOME STREAM A significant portion of the rent roll is subsidized by a HUD contract, drastically reducing vacancy and collection loss. This government backing provides a reliable income stream that is insulated from market fluctuations.
* PROVEN FINANCIAL PERFORMANCE The property boasts a strong history of income generation. The full-year 2024 Net Operating Income was $146,467 (pro-forma). The year-to-date 2025 financials show continued strong performance .
* VALUE-ADD POTENTIAL While the property is already a strong performer, there is potential to increase returns by raising rents on non-subsidized units to full market rate and implementing minor operational efficiencies.
* DESIRABLE 24-UNIT SCALE This property is the ideal size for a private investor, offering economies of scale that are easy to manage without the need for a large, institutional-level management team.
### FINANCIAL SNAPSHOT:
* Asking Price: $1,248,000
* Price Per Unit: $52,000
* 2024 Pro-Forma NOI: $146,467
* Pro-Forma Cap Rate: 11.74%
A full due diligence package, including detailed financials, is available upon request.
PROPERTY DESCRIPTION: Presenting a rare opportunity to acquire a high-yield, 24-unit apartment building with a stable and guaranteed income stream. This property is a high-performing asset, buoyed by a significant HUD subsidy that ensures consistent occupancy and reliable cash flow, making it a recession-resistant investment.
The property generated a 2024 Net Operating Income of over $146,000, demonstrating strong in-place financial performance. With a pro-forma capitalization rate of 11.74% at the asking price, this offering represents one of the most compelling investment opportunities in the market for an investor seeking immediate and substantial returns. The property offers a desirable mix of units and has been well-maintained. This is a perfect turnkey asset for an investor looking to add a reliable, cash-flowing property to their portfolio.
### INVESTMENT HIGHLIGHTS:
* HIGH-YIELD INVESTMENT | 11.74% PRO-FORMA CAP RATE This property offers an exceptionally strong in-place return. Based on the 2024 full-year financials, the pro-forma cap rate is 11.74%, providing an immediate and significant return on investment.
* STABLE & GUARANTEED INCOME STREAM A significant portion of the rent roll is subsidized by a HUD contract, drastically reducing vacancy and collection loss. This government backing provides a reliable income stream that is insulated from market fluctuations.
* PROVEN FINANCIAL PERFORMANCE The property boasts a strong history of income generation. The full-year 2024 Net Operating Income was $146,467 (pro-forma). The year-to-date 2025 financials show continued strong performance .
* VALUE-ADD POTENTIAL While the property is already a strong performer, there is potential to increase returns by raising rents on non-subsidized units to full market rate and implementing minor operational efficiencies.
* DESIRABLE 24-UNIT SCALE This property is the ideal size for a private investor, offering economies of scale that are easy to manage without the need for a large, institutional-level management team.
### FINANCIAL SNAPSHOT:
* Asking Price: $1,248,000
* Price Per Unit: $52,000
* 2024 Pro-Forma NOI: $146,467
* Pro-Forma Cap Rate: 11.74%
A full due diligence package, including detailed financials, is available upon request.
BILAN FINANCIER (RÉEL - 2024) Cliquez ici pour accéder à |
ANNUEL (CAD) | ANNUEL PAR pi² (CAD) |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Dépenses d’exploitation |
$99,999
|
$9.99
|
| Total des dépenses |
$99,999
|
$9.99
|
| Revenu net d’exploitation |
$99,999
|
$9.99
|
BILAN FINANCIER (RÉEL - 2024) Cliquez ici pour accéder à
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
FAITS SUR LA PROPRIÉTÉ
| Prix | 1 718 883 $ CAD | Style d’appartement | Maison en ville |
| Prix par unité | 71 620 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 2,60 AC |
| Taux de capitalisation | 11,74% | Taille du bâtiment | 16 160 pi² |
| Multiplicateur du loyer brut | 5.36 | Occupation moyenne | 100% |
| Nombre d’unités | 24 | Nombre d’étages | 1 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1961/2023 |
| Sous-type de propriété | Appartement | ||
| Zonage | commercial - commercial | ||
| Prix | 1 718 883 $ CAD |
| Prix par unité | 71 620 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 11,74% |
| Multiplicateur du loyer brut | 5.36 |
| Nombre d’unités | 24 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Maison en ville |
| Classe d’immeuble | C |
| Taille du lot | 2,60 AC |
| Taille du bâtiment | 16 160 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 1 |
| Année de construction/rénovation | 1961/2023 |
| Zonage | commercial - commercial |
COMMODITÉS
COMMODITÉS DU SITE
- Accès 24 heures
- CVCA contrôlé par le locataire
- Sans fumée
- Détecteur de fumée
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 1+1 | 24 | - | - |
1 1
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HIGH-YIELD 24-UNIT APARTMENT BUILDING | 111 Bannon Dr
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