Properties

Address Map
US
IL
Macon
Decatur
62521
Fairview
1740-1760
Avenue
W89° 1' 22.7''
N39° 49' 20.2''
S Fairview Ave. Take left onto S Fairvew Ave after the stoplight and South Side Dr.
Decatur
Decatur
S
S
Additional Information
12720
0X0
61
61
235000
3
eXp Realty,LLC-Mahomet
Nate Evans
Financial
36000
Listing Information
Molly Jones
95403
eXp Realty,LLC-Mahomet
952431
95403
MRED
Listing Information
953028
95403
eXp Realty,LLC-Mahomet
Active
2025-03-17T05:06:04Z
2025-03-17T05:05:29Z
Property Description

Prime Investment Opportunity – 65-Unit Multifamily Property Near Millikin University Welcome to an exceptional investment opportunity! This 65-unit residential property offers strong income potential, strategically positioned just 1.5 miles from Millikin University. With a current cap rate of 7.71 0/0 and a GRM of 6.95, this asset is priced based on existing income figures-reflecting the low 66 0/0 occupancy rate, leaving significant upside for the savvy investor. Some recent renovations, the units provide modern, comfortable living spaces that attract both students and local residents, further enhancing the rental potential. Value-Add Potential Increase in Occupancy: With only 66 0/0 occupancy, there’s a major opportunity to increase revenue and push returns even higher. Laundry Room Completion: Once finalized, this additional amenity will further enhance tenant satisfaction and generate additional income. This is more than just an investment-it’s a turnkey opportunity with immediate income and long-term appreciation potential. Whether you’re an experienced investor or looking to expand your portfolio, this property offers a rare chance to acquire a high-yield asset in a prime location. Don’t miss out on securing this income-producing multifamily property-schedule a showing today!

Commercial Sale For Sale

1740-1760 S Fairview Avenue, Decatur, Illinois 62521

$2,350,000
Listing ID#12309051
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12309051
Price : $2,350,000
Year Built : 1979
Listing Status : Active
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