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500 W State St
Jacksonville, IL 62650
School Apartments · Immeuble residentiel Propriété À vendre
·
56 Unités
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Unique Architectural Character and Durable Construction not Typically Found in Conventional Multifamily Assets
- Proximity to Illinois College, Passavant Area Hospital, and Major Employers Supports Consistent Occupancy
- Covered Garage Parking Available
Résumé de l'annonce
Marcus & Millichap is pleased to present School Apartments, a 58- unit multifamily asset located at 500 W. State Street in Jacksonville, Illinois. Originally constructed as a school building and thoughtfully converted to multifamily use, the property offers distinctive architectural character supported by durable construction elements not typically found in conventional garden-style product. Positioned within an established residential corridor in Morgan County, its centralized location enhances accessibility to employment, retail, and community services, supporting consistent rental demand.
School Apartments benefits from immediate proximity to neighborhood retail and daily needs shopping. Jacksonville Shoppes and Wal-Mart Plaza are located within approximately 1.5 miles, providing convenient access to grocery, pharmacy, and general retail amenities. The property is also just two miles from Passavant Area Hospital, one of the area’s primary healthcare providers and a significant employment anchor. In addition, Illinois College contributes to steady rental demand from students, faculty, and administrative staff. Located within the Jacksonville School District 117 attendance area and near major local roadways, the property is well-positioned within a stable and accessible residential submarket.
Jacksonville serves as a key hub in Central Illinois, supported by employment across healthcare, education, corrections, government services, and light manufacturing. Major employers include Passavant Area Hospital, Illinois College, Jacksonville Correctional Center, and several regional manufacturing operators. The city benefits from connectivity to Springfield and surrounding communities via U.S. Route 67 and IL-104 while maintaining a lower cost structure relative to larger Illinois metro markets. School Apartments presents investors with the opportunity to acquire a distinctive, income-producing asset in a steady, institutionally anchored Central Illinois rental market.
School Apartments benefits from immediate proximity to neighborhood retail and daily needs shopping. Jacksonville Shoppes and Wal-Mart Plaza are located within approximately 1.5 miles, providing convenient access to grocery, pharmacy, and general retail amenities. The property is also just two miles from Passavant Area Hospital, one of the area’s primary healthcare providers and a significant employment anchor. In addition, Illinois College contributes to steady rental demand from students, faculty, and administrative staff. Located within the Jacksonville School District 117 attendance area and near major local roadways, the property is well-positioned within a stable and accessible residential submarket.
Jacksonville serves as a key hub in Central Illinois, supported by employment across healthcare, education, corrections, government services, and light manufacturing. Major employers include Passavant Area Hospital, Illinois College, Jacksonville Correctional Center, and several regional manufacturing operators. The city benefits from connectivity to Springfield and surrounding communities via U.S. Route 67 and IL-104 while maintaining a lower cost structure relative to larger Illinois metro markets. School Apartments presents investors with the opportunity to acquire a distinctive, income-producing asset in a steady, institutionally anchored Central Illinois rental market.
Faits sur la propriété
| Prix par unité | 68 907 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 2,23 AC |
| Taux de capitalisation | 8,03% | Taille du bâtiment | 73 791 pi² |
| Multiplicateur du loyer brut | 6.77 | Occupation moyenne | 100% |
| Nombre d’unités | 56 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1920/1983 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 0,31/1 000 pi² |
| Style d’appartement | De faible hauteur | ||
| Zonage | X | ||
| Prix par unité | 68 907 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 8,03% |
| Multiplicateur du loyer brut | 6.77 |
| Nombre d’unités | 56 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 2,23 AC |
| Taille du bâtiment | 73 791 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 3 |
| Année de construction/rénovation | 1920/1983 |
| Ratio de stationnement | 0,31/1 000 pi² |
| Zonage | X |
Commodités
Commodités des unités
- Climatisation
- Chauffage
- Cuisine
- Réfrigérateur
- Fourchette
- Espace loft
- Puits de lumière
- Grandes chambres
Commodités du site
- Accès 24 heures
- Cour
- Installations de lessive
- CVCA contrôlé par le locataire
- Recyclage
- Sans ascenseur
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 30 | - | - |
| 2+1 | 1 | - | - |
| 2+2 | 24 | - | - |
| Studios | 1 | - | - |
Impôts fonciers
| Numéro de lot | 09-20-223-001 | Évaluation des bâtiments | 752 048 $ CAD |
| Évaluation du terrain | 53 878 $ CAD | Évaluation totale | 805 926 $ CAD |
Impôts fonciers
Numéro de lot
09-20-223-001
Évaluation du terrain
53 878 $ CAD
Évaluation des bâtiments
752 048 $ CAD
Évaluation totale
805 926 $ CAD
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