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829 W Carroll St

5 Unit Apartment Building $190,000 ($38,000/Unit) 12.40% Cap Rate Macomb, IL 61455

Apartment Buildings Illinois Macomb 829 W Carroll St, Macomb, IL 61455

Executive Summary

Value add opportunity finishing remodel of 1 bed 1 bath unit for an additional unit (6 total).
Near Western Illinois University campus

Financial Summary (Actual - 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 (Actual - 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 $190,000 Apartment Style Low Rise
Price Per Unit $38,000 Building Class C
Sale Type Investment Lot Size 0.24 AC
Cap Rate 12.40% Building Size 7,285 SF
Gross Rent Multiplier 5.2 Average Occupancy 100%
No. Units 5 No. Stories 2
Property Type Multifamily Year Built 1920
Property Subtype Apartment
Price $190,000
Price Per Unit $38,000
Sale Type Investment
Cap Rate 12.40%
Gross Rent Multiplier 5.2
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.24 AC
Building Size 7,285 SF
Average Occupancy 100%
No. Stories 2
Year Built 1920

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 3 $550.00 360 - 570
2+1 2 $735.00 560 - 960
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(763) 218-2909

Contact

  • Adam Aschinger
    Adam Aschinger
  • Macomb Real Estate Holdings, LLC

  • Listing ID: 31891976

  • Date on Market: 5/22/2024

  • Last Updated:

  • Address: 829 W Carroll St, Macomb, IL 61455

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829 W Carroll St
(763) 218-2909 x

829 W Carroll St

Adam Aschinger

(763) 218-2909

(763) 218-2909

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