10 N River St - Apartments FOR SALE


Batavia, IL 60510
$1,825,000 USD
630-201-4130
10 N River St, Batavia, IL for Sale
$1,825,000 USD
Apartments - FOR SALE
1/23
null | 7.4% Cap Rate

10 N River St
Batavia, IL 60510


HIGHLIGHTS

  • Downtown Batavia
  • Mixed Use Restaurant and 4 Apartments
  • High Occupancy
  • Both Long Term Rental and Short Term Rentals

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,825,000 USD

PRICE/SF

$262 USD /SF

# OF UNITS

5

PRICE/UNIT

$365,000

CAP RATE

7.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 N River RD Batavia IL

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,545 SF

ZONING

C

APN/PARCEL ID

12-22-276-003

ASK ABOUT THIS PROPERTY

Rudy JohnsonKothe/Johnson Collaborative KW InspireMore Info
630-201-4130

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Rudy JohnsonKothe/Johnson Collaborative KW InspireMore Info
630-201-4130

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.