Flagler - Crocker Apartments For Sale

Multi-Family for Sale
Catylist Listing ID: 30583502
Property Subtypes: Duplex/Fourplex
Number of Units: 9 Units
Building Size (RSF): 12,573 SF
Gross Land Area: 51,024 SF
Sale Price: $1,400,000
Unit Price: $155,555.56 Per Unit
Property Use Type: Investment
Building Name: Flagler Apartments
Usable Size (USF): 12,573 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/18/2020

Overview / Comments

LOW RISK ON THIS UPSCALE 9 UNIT APARTMENT INVESTMENT OPPORTUNITY. THE UNITS ARE ALWAYS 100% RENTED. THREE BUILDINGS CONTAINING 3 UNITS EACH - HAVE 3 BEDROOM AND 2 BATHROOMS. EXCELLENT RENTAL HISTORY WITH UPSIDE POTENTIAL. FINANCIAL INFORMATION AVAILABLE UPON ACCEPTANCE OF AN OFFER. THE UNITS ARE IN EXCELLENT CONDITION AND VERY WELL MAINTAINED. JOGGING PATH LESS THAN 1/2 MILE AWAY.

THERE ARE NINE PINs AND CAN BE CONVERTED TO ALL CONDOMINIUM UNITS. CURRENTLY BEING SOLD AS A PACKAGE OF 9 RENTAL UNITS.

PINs: 04-28-479-(001, 002, 003, 004, 005, 006, 007, 008 & 009)

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $30,975 (Annual)
Assessed Value - Total($) $353,277 (Annual)
Potential Rental Income $146,880 (Annual)

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: Roscoe Township
Tax ID/APN: 04-28-479-001
Zoning: RM
Percent Occupied: 100%
Community Amenities: Jogging Paths
Property Located Between: North Second Street & Willowbrook Road
Highway Access: Hwy 251 is 1/2 mile west of the subject. I-90 is approximately 1 mile east of the subject and only minutes to the nearest interchange.
Airports: Chicago Rockford International Airport
Site Description: Located on the northeast side of Roscoe, IL. Site has a slight slope to the land and is professionally landscaped. Tract consists of 1.17 acres.
Area Description: Properties in the area include, multi-family, single family, commercial and land for development.
Total Number of Buildings: 3
Property Condition: Excellent
Number of Stories: 1
Year Built: 2008
Year Renovated: 2009
Roof Type: Hip
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Subject's exterior has brick with vinyl siding.
Parking Ratio: 1.4 (per 1000 SF)
Parking Type: Structure, Surface
Parking Description: Each unit has a 2 car garage.
Total Parking Spaces: 18
Laundry: In Each Unit
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Each unit features quality construction with finished basements, three bedrooms, two bathrooms, vaulted ceilings, attached 2 car garage, first floor laundry, and some hard wood floors.
Zoning Description: RM - Residential Multi-Family
Lot Frontage: 293.68
Lot Depth: 380.53
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Individual
Legal Description: WILLOW RIDGE CONDOS PT SE1/4 SEC 28-46-2 UNITS 5761 THUR 5776

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,626 24,064 57,440
Median Age: 40.72 39.63 38.52
Households: 1,064 8,546 21,117

Contact

Photograph of Listing Agent

Tom Ewing CCIM CPM RPA MCR

KELLER WILLIAMS REALTY SIGNATURE CMCPEX Member
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