Portfolio Offering for Sale
Multi-Family
for Sale
| Catylist Listing ID: |
30661832 |
| Property Subtypes: |
Duplex/Fourplex, Other
|
| Number of Units: |
20 Units |
| Building Size (RSF): |
2,413 SF |
| Gross Building Area: |
21,716 SF |
| Gross Land Area: |
76,222 SF
|
| Sale Price: |
$995,000 |
| Unit Price: |
$49,750 Per Unit |
| Property Use Type: |
Investment |
| Building Name: |
Walnut Creek Properties, Inc |
| Usable Size (USF): |
21,716 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
95 |
| Gross Rent Multiplier: |
5.60 |
| Last Updated: |
3/7/2021 |
Overview / Comments
|
THIS PORTFOLIO CONSISTS OF 5 SINGLE FAMILY UNITS, 1 THREE FAMILY AND 3 FOUR FAMILY APARTMENTS. THIS PORTFOLIO COULD GIVE AN INVESTOR A POSSIBLE INTERNAL RATE OF RETURN OF OVER 20% BEFORE TAX.
|
Financials
| Finance Data Year |
2020 |
| Real Estate Taxes - Annual($) |
$22,170 (Annual) |
| Potential Rental Income |
$167,940 (Annual) |
| Actual or Proforma Year |
Proforma |
Additional Details
| Nearest MSA: |
Rockford |
| County: |
Winnebago |
| Taxing Authority: |
Rockford Township |
| Tax ID/APN: |
11-10-278-006 |
| Zoning: |
R-1, R-2, & SR-6 |
| Percent Occupied: |
95% |
| Property Located Between: |
Units are in various areas of Rockford/Belvidere |
| Highway Access: |
HWY 20 |
| Airports: |
Chicago Rockford International Airport |
| Site Description: |
All units are in well-established residential areas. |
| Area Description: |
Mostly mixed with single family and multi-family properties. |
| Total Number of Buildings: |
9 |
| Property Condition: |
Good |
| Number of Stories: |
2 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick |
| Exterior Description: |
Varies from brick and frame |
| Parking Type: |
Surface |
| Parking Description: |
Surface and garage parking. |
| Total Parking Spaces: |
40 |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Fuel: |
Gas |
| Interior Description: |
45 total bedrooms in 9 buildings. |
| Zoning Description: |
R-1 and R-2 |
| Lot Frontage: |
Varies |
| Lot Depth: |
Varies |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Fee Simple - Corporate |
| Legal Description: |
In Office |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
16,959 |
85,346 |
175,664 |
| Median Age: |
36.05 |
36.26 |
37.28 |
| Households: |
6,702 |
33,926 |
69,069 |
|
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Neither Rockford Area REALTORS nor
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|
