205 Sandra Ave - Apartments FOR SALE


Mendota, IL 61342
$5,600,000 USD
630-747-3205
205 Sandra Ave, Mendota, IL for Sale
$5,600,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

205 Sandra Ave
Mendota, IL 61342


OVERVIEW

An exceptional investment opportunity awaits at 205 Sandra Avenue, Mendota, IL! This expansive 41,184 SF 56-unit multifamily property offers incredible potential for investors in a burgeoning market. Strategically located in a community experiencing rapid growth, this asset provides an ideal blend of stability and potential appreciation. The property's generous size allows for diverse tenant options, maximizing occupancy and revenue streams. With convenient access to local amenities and transportation, it promises to attract a steady tenant base. Investors will appreciate the opportunity to capitalize on the area's upward trajectory, ensuring long-term returns and portfolio growth. Secure your stake in this promising market today! 205 Sandra Ave Improvements since purchase: - 14 new roofs and gutters in the last 6 years. $112,000 - Rehab/Update 50 apartments during the previous 6 years. Spending about $8,000 per unit. $400,000 - Replaced 10 common area exterior doors. $10,000 - Changed all common area lighting to LED. $1,400 - Seal and line the parking lot. $10,000 - Installed two paver patios and two picnic charcoal grills. $10,000 - Removed two dead trees. $3,000 - Attic insulation in all 14 buildings. $50,000 - Mini-Splits in all 56 units. $250,000 - Paint Exterior trim. Paint the common areas. Master lock all apartments. $5,000 - Water reduction shower heads and toilets. $12,500

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

56

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wentworth Commons

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.29 AC

LAND SF

186,872 SF

ZONING

-

APN/PARCEL ID

01-32-421015

ASK ABOUT THIS PROPERTY

Karen KramfordCentury 21 CircleMore Info
630-747-3205

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Karen KramfordCentury 21 CircleMore Info
630-747-3205

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