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: 11/18/2020

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

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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

Contact

Photograph of Listing Agent

Tom Ewing CCIM CPM RPA MCR

KELLER WILLIAMS REALTY SIGNATURE CMCPEX Member
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