Properties

Features
: Window Unit(s)
: Water-Municipal
Address Map
US
IL
Macon
Decatur
62521
Fairview
1740-1760
Avenue
W89° 2' 51.3''
N39° 50' 43.5''
S Fairview Ave. Take left onto S Fairvew Ave after the stoplight and South Side Dr.
Decatur
Decatur
S
S
Additional Information
12720
: Multi-Family
0X0
65
65
Multi-Family
3
https://tours.illini360.com/1740-S-Fairview-Ave/idx
eXp Realty,LLC-Maho
Nate Evans
Financial
36000
Listing Information
952431
95403
MRED
Listing Information
Pending
2024-08-17T08:28:00Z
2024-03-14T16:31:00Z
Property Description

Welcome to an exceptional investment opportunity! This fully occupied 65-unit residential property is a testament to prime real estate. Located a mere 1.5 miles from Millikin University, this turnkey profit maker is not only strategically positioned but also renovated, offering an impressive 13% cap rate. The property is professionally managed with a dedicated repair person and leasing manager in place, providing a hassle-free and efficient operation. The strategic location near Millikin University enhances the property’s appeal, making it an attractive option for students, faculty, and local residents alike. The robust 13% cap rate underscores the financial viability of this investment, promising a substantial return on your investment. One of the highlights of this property is the secured repair person and leasing manager, ensuring that any maintenance issues are promptly addressed, and vacancies are efficiently filled. This streamlined management approach adds to the property’s appeal as a low-maintenance, high-yield investment. An additional profit stream awaits with the completion of the laundry room. Once finalized, this amenity has the potential to further enhance tenant satisfaction and increase rental income, adding even more value to this already lucrative investment. In summary, this 65-unit residential property is not just a sound investment; it’s a turnkey profit-making machine. From its prime location near Millikin University to the full occupancy and renovated units, every aspect has been optimized for success. Seize the opportunity to become the proud owner of a property that combines immediate returns with long-term potential. Don’t miss your chance to secure a prime piece of real estate in a thriving location!

Commercial Sale For Sale

1740-1760 S Fairview Avenue, Decatur, Illinois 62521

  • Lot Size: 2.13 Acre
$2,600,000
Listing ID#11975028
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 11975028
Price : $2,600,000
Year Built : 1900
Lot Size : 2.13 Acre
Listing Status : Pending
Roof
Roof : Composition
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