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Available For Sale - Multifamily

17,255 SF | Show Pricing $

AVAILABILITY DETAILS

Size
17,255 SF
Price/SF
Show Pricing $
Listing ID
SA427308
Notes
Site is 18,900 SF rectangular lot. The building is 17,255 SF. It is 3 story brick fraternity house for Kappa Delta. It is legally conforming use of the R-7 zoning, University Residential. The site is served by public utilities. 12 parking spaces on concrete lot. It was build in 1918 with significant improvements in 1927, 1963 and 1982. The unit mix consist of 1 single, 15 doubles, 4 triples, and 5 quads. It has finished basement designed with a meeting room, laundry and storage space.



The NOI is pro forma $204,000 annually($17,000/month) absolute NNN, which will make it a 7.57% cap rate.



Brief Legal: North 25 feet of Lot 2 and all of Lots 3 and 4 in Lincoln Place Subdivision, Champaign County, Urbana, Illinois

Real Estate Taxes 2019: $32,346.94
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Alex Ruggieri CCIM CRE MBA, SVN | Ramshaw Real Estate, Inc.
BRE# 475080956