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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