This Multifamily Property is Off-Market.

17000 Hamilton Lake Lane
Marion, IL 62959 ·

14 Units · Multifamily For Sale

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Hamilton Lake Apartments

Price N/A Property Use Type Investment
No. Units 14 Cap Rate 7.62%
Building Size 22,176 SF No. Stories 1
Property Type Multifamily Year Built 2004
Property Sub-type Garden/Low-Rise Lot Size 4.30 AC
Listing ID: 14059935 Date Created: 11/16/2004 Last Updated: 10/26/2005

Description

14 Units built in 2004 each unit has 3 Bedrooms and 2 Baths appoximately 1320 square feet. Concrete streets and a beautiful small lake. Sale includes 14 units on approximately 4.3 acres. Property includes portion of lake intended for common area for resident use. Up to 4 Additional Acres Available at $10,000 per acre. Cap Rate figured based upon fmv of 850 per month per unit. Other units in area similar but smaller overall rent for $895 and up per unit.

From Route 13 in Marion , turn North on Russell Street at Kentucky Fried Chicken. Take Russell St to Longstreet, turn left, property on right corner of Longstreet and Lemaster Road.

Highlights

  • 3 Bedrooms, 2 baths and garage for each unit
  • Beautiful Waterfront setting
  • One Room could be bedroom or family room
  • New, Built in 2004
  • Marion is a fast growing community
  • All New concrete streets and drives, etc

Research

17000 Hamilton Lake Lane, Marion, IL 62959 (Williamson County)

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