902 N Charles St - Apartments FOR SALE
Macomb, IL 61455 |
$9,950,000 USD
216-264-2048
902 N Charles St
Macomb, IL 61455
HIGHLIGHTS
- OPPORTUNITY TO PURCHASE AT A FRACTION OF REPLACEMENT COST ($27,949/UNIT)
- OWNED AND SELF-MANAGED BY OUT-OF-STATE “MOM AND POP”
- SIGNIFICANT UPSIDE THROUGH HANDS ON MANAGEMENT, INCREASED OCCUPANCY AND CONTINUED UPGRADES
- $3.5M+ OF MAJOR CAPITAL IMPROVEMENTS SINCE 2021
- LOCATED ON THE DOORSTEP OF WESTERN ILLINOIS UNIVERSITY (7,000+ ENROLLMENT)
FOR SALE DETAILS
PRICE
$9,950,000 USD
PRICE/SF
$37 USD /SF
# OF UNITS
356
PRICE/UNIT
$27,949
CAP RATE
Request Cap Rate
% LEASED
80%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Lexington Concord Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1960
PARKING SPACES
348
LAND DETAILS
LAND ACRES
9.78 AC
LAND SF
426,017 SF
ZONING
R4
APN/PARCEL ID
11-100-103-00,11-100-103-10,11-101-520-00
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216-264-2048
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216-264-2048
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