Historical Multifamily Sale Listing - Hamilton Lake Apartments

Multifamily For Sale

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Hamilton Lake Apartments

17000 Hamilton Lake Lane, Marion, IL 62959

N/A

14 Units | Multifamily

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Multifamily Property - Off Market

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

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

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.

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

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Created 11/16/2004