105 N Depot St - Apartments FOR SALE


Somonauk, IL 60552
$515,000 USD
815-405-3679
105 N Depot St, Somonauk, IL for Sale
$515,000 USD
Apartments - FOR SALE
1/14
null | 7.71% Cap Rate

105 N Depot St
Somonauk, IL 60552


HIGHLIGHTS

  • 100% Occupancy
  • Well Maintained

OVERVIEW

Situated on highly traveled and well known Rt 34, this recently renovated brick three story 10 unit apartment building is 100% occupied and located right in downtown Somonauk. All common areas and stairwells have a complete facelift with new paint, LED lighting, LED safety lighting and new flooring. Extensive exterior work has been completed to include low maintenance landscaping, painting, drainage and a new wood deck and entry door on the East entrance. Many new windows have been installed as well as a new 60 mil TPO roof. Plenty of upside left here for new buyer to push rents closer to market rate. Great return on investment opportunity!

FOR SALE DETAILS

PRICE

$515,000 USD

PRICE/SF

$86 USD /SF

# OF UNITS

10

PRICE/UNIT

$51,500

CAP RATE

7.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,793 SF

ZONING

0050

APN/PARCEL ID

18-32-478-014

ASK ABOUT THIS PROPERTY

Nick FerroColdwell Banker Commercial Real Estate GroupMore Info
815-405-3679

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Nick FerroColdwell Banker Commercial Real Estate GroupMore Info
815-405-3679

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