606 S 7th St - Apartments FOR SALE


Springfield, IL 62703
$475,000 USD
754-251-0201
606 S 7th St, Springfield, IL for Sale
$475,000 USD
Apartments - FOR SALE
1/5
null | 19.35% Cap Rate

606 S 7th St
Springfield, IL 62703


OVERVIEW

INSANE OPPORTUNITY!!! This is your chance to own 11 rental units around the corner from Lincoln Home National Historic Site and Illinois State Capitol Building. The rental market in Springfield Illinois is very active!!! This portfolio is offered at a HUGE discount today and will appreciate. ONLY $34.56 PER SQUARE FEET!!! $2.7MIL REPLACEMENT COST!!!! Tons and tons of potential. 19.34%+ NET RETURN AND $350k PROFIT POTENTIAL!!!! Looking for experienced investors who are not afraid of rehab!!! Professional management and financing is available.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$35 USD /SF

# OF UNITS

11

PRICE/UNIT

$43,182

CAP RATE

19.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lincoln Rental Package

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

-

APN/PARCEL ID

14-34.0-186-002

ASK ABOUT THIS PROPERTY

Chris MurrayLOYD RealtyMore Info
754-251-0201

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Chris MurrayLOYD RealtyMore Info
754-251-0201

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