1730 N Water St - Apartments FOR SALE


Decatur, IL 62526
$675,000 USD
217-433-0839
1730 N Water St, Decatur, IL for Sale
$675,000 USD
Apartments - FOR SALE
1/29
null | 13.77% Cap Rate

1730 N Water St
Decatur, IL 62526


HIGHLIGHTS

  • All units freshly renovated.
  • Prime location in the heart of Decatur.
  • 100% Occupancy

OVERVIEW

Located at 1730 N Water Street in Decatur, IL, this fully renovated 14-unit multifamily property presents an exceptional investment opportunity with a strong 13% cap rate. The three-story building consists of 14 one-bedroom, one-bath apartments, each of which has been completely remodeled and updated with new flooring, fixtures, and appliances. The property also features a new roof, reducing future maintenance concerns and enhancing long-term value. This turnkey investment is fully occupied with fresh tenants, ensuring immediate and steady rental income. The building’s upgrades and strong rental demand make it an ideal opportunity for investors looking for a high-yield, low-maintenance multifamily asset in a growing market. Don't miss your chance to acquire a stabilized property with strong cash flow. Contact us today for more details!

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$53 USD /SF

# OF UNITS

14

PRICE/UNIT

$48,214

CAP RATE

13.77%

% 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

1940

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

MUNICIPAL

APN/PARCEL ID

04-12-11-102-005

ASK ABOUT THIS PROPERTY

Cole BabcockVieweg Real Estate/BHGRE Service FirstMore Info
217-433-0839

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Cole BabcockVieweg Real Estate/BHGRE Service FirstMore Info
217-433-0839

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