1225 Lincoln Ave - Apartments FOR SALE


Jacksonville, IL 62650
$4,000,000 USD
425-761-1640
1225 Lincoln Ave, Jacksonville, IL for Sale
$4,000,000 USD
Apartments - FOR SALE
1/3
null | 7.27% Cap Rate

1225 Lincoln Ave
Jacksonville, IL 62650


OVERVIEW

Property is current subject to rent limits per the Low Income Housing Tax Credit Program until 2034. That said, there is 20% rental upside to maximum allowable rents 95% occupancy Well maintained and well operating

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$62 USD /SF

# OF UNITS

60

PRICE/UNIT

$66,667

CAP RATE

7.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stonebridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2003

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.92 AC

LAND SF

170,799 SF

ZONING

-

APN/PARCEL ID

09-30-200-034

ASK ABOUT THIS PROPERTY

Mike TerryBerkadia Real Estate AdvisorsMore Info
425-761-1640

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Mike TerryBerkadia Real Estate AdvisorsMore Info
425-761-1640

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