404-416 W Adams St
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404-416 W Adams St
29 Unit Apartment Building $1,160,000 ($40,000/Unit) 9.47% Cap Rate Macomb, IL 61455
Investment Highlights
- $121 Rental Upside per Unit
- 28.80 Percent Pro Forma Cash-on-Cash
- 12.64 Percent Pro Forma CAP
- Steps from Western Illinois University’s main campus
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
| Price | $1,160,000 | Property Subtype | Apartment |
| Price Per Unit | $40,000 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 9.47% | Lot Size | 0.98 AC |
| Gross Rent Multiplier | 5.17 | Building Size | 24,483 SF |
| No. Units | 29 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Price | $1,160,000 |
| Price Per Unit | $40,000 |
| Sale Type | Investment |
| Cap Rate | 9.47% |
| Gross Rent Multiplier | 5.17 |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 24,483 SF |
| No. Stories | 2 |
| Year Built | 1970 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $512.50 | 557 |
| 2+1 | 7 | $587.50 | 827 |
| 2+1.5 | 18 | $690.00 | 868 |
| 4+1 | 1 | $900.00 | 1,393 |
1 of 1
Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $195,962 (2023) | |
| Land Assessment | $22,659 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $173,303 (2023) | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$22,659 (2023)
Improvements Assessment
$173,303 (2023)
Total Assessment
$195,962 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2025
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404-416 W Adams St
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