331-307-7194
401 River Run Dr, Macomb, IL for Sale
Apartments - FOR SALE
1/13
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401 River Run Dr
Macomb, IL 61455


HIGHLIGHTS

  • Many in-unit amenities including energy-efficient appliances, private patio or balcony, and updated wood-style flooring
  • Close to parks and walking trails
  • Large playground

OVERVIEW

68% of the Property is covered under a Project-Based Section 8 HAP Contract while a portion of the Property has LIHTC restrictions in place through 2041. There are multiple paths to upside potential including rent growth on LIHTC units, voucher tenants, and operational efficiencies. There is an adjacent lot of vacant land included in the sale, already zoned for multi-family use.

FOR SALE DETAILS

PRICE

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# OF UNITS

100

CAP RATE

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% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River Run Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1974

PARKING SPACES

197

LAND DETAILS

LAND ACRES

10 AC

LAND SF

435,600 SF

ZONING

R-4

APN/PARCEL ID

11-101-450-05

ASK ABOUT THIS PROPERTY

Monica DanekPerformance Real Estate AdvisorsMore Info
331-307-7194

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Monica DanekPerformance Real Estate AdvisorsMore Info
331-307-7194

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