10 N River RD Batavia IL | 10 N River St
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10 N River RD Batavia IL 10 N River St
5 Unit Apartment Building $1,825,000 ($365,000/Unit) 7.40% Cap Rate Batavia, IL 60510
INVESTMENT HIGHLIGHTS
- Downtown Batavia
- High Occupancy
- Mixed Use Restaurant and 4 Apartments
- Both Long Term Rental and Short Term Rentals
EXECUTIVE SUMMARY
Great Investment Opportunity! In the heart of downtown Batavia, Mixed Use Multi Unit Historical Limestone Building. Remodeled and updated (Over a 1/3 of the building was taken down to studs in 2020) with value ad possibilities remaining! Low Vacancy 4 Residential Apartments, 1 Storefront Restaurant with beer garden in back and patio seating fronting to closed of River Street. CASH FLOW IS STRONG!. Three 2 Bedroom Apartments, One 1 Bedroom Apartment. Currently one floor of apartments are long term tenants, the other short term rentals with excellent occupancy rates. Updates include 3 of the 4 units. Roof (2020), Windows (2020), Furnaces and almost all of the AC Units (Between 2020 and 2024). This building is a staple of downtown Batavia and will be for decades to come.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
UNIT AMENITIES
- Air Conditioning
- Balcony
- Deck
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 600 |
| 2+1 | 1 | $1,300 | 1,000 |
| 2+2 | 2 | $1,850 | 1,000 |
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Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 12-22-276-003 | Total Assessment | $184,000 |
| Land Assessment | $54,727 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $129,273 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
12-22-276-003
Land Assessment
$54,727
Improvements Assessment
$129,273
Total Assessment
$184,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
ZONING
| Zoning Code | C (Downtown Historic District Downtown Business Corridor) |
| C (Downtown Historic District Downtown Business Corridor) |
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10 N River RD Batavia IL | 10 N River St
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