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100 Turnbridge Dr - Castle Acres Subdivision DUPLEX 1,904 SF Specialty Building Offered at $145,000 at a 7.70% Cap Rate in Swansea, IL 62226
INVESTMENT HIGHLIGHTS
- Fireplaces
- Hardwood Floors
- Side A Renovated 2019
- Carport
- Sky Lights
- Side B Renovated 2013
EXECUTIVE SUMMARY
Being Sold "As Is"
Side #100 was fully renovated during the summer of 2019.
Side #102 was fully renovated in 2013.
New Leases signed that expire summer of 2021.
Rents up to $800 per month per unit.
2018 Taxes: $3,919
Side #100 was fully renovated during the summer of 2019.
Side #102 was fully renovated in 2013.
New Leases signed that expire summer of 2021.
Rents up to $800 per month per unit.
2018 Taxes: $3,919
FINANCIAL SUMMARY (ACTUAL - 2019) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$18,600
|
$9.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,250
|
$0.66
|
| Effective Gross Income |
$17,350
|
$9.11
|
| Taxes |
$3,919
|
$2.06
|
| Operating Expenses |
$2,245
|
$1.18
|
| Total Expenses |
$6,164
|
$3.24
|
| Net Operating Income |
$11,186
|
$5.88
|
FINANCIAL SUMMARY (ACTUAL - 2019)
| Gross Rental Income | |
|---|---|
| Annual | $18,600 |
| Annual Per SF | $9.77 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,250 |
| Annual Per SF | $0.66 |
| Effective Gross Income | |
|---|---|
| Annual | $17,350 |
| Annual Per SF | $9.11 |
| Taxes | |
|---|---|
| Annual | $3,919 |
| Annual Per SF | $2.06 |
| Operating Expenses | |
|---|---|
| Annual | $2,245 |
| Annual Per SF | $1.18 |
| Total Expenses | |
|---|---|
| Annual | $6,164 |
| Annual Per SF | $3.24 |
| Net Operating Income | |
|---|---|
| Annual | $11,186 |
| Annual Per SF | $5.88 |
PROPERTY FACTS Under Contract
AMENITIES
- Air Conditioning
ABOUT 100 TURNBRIDGE DR , SWANSEA, IL 62226
2 BD 1 BA per Unit. Both units have fireplaces. Carport, fireplaces, hardwood floors, walk-out decks. Tenant in #100 pays $750 per month in rent. Lease expires July 31st, 2020 Tenant in #102 pays $800 per month in rent. Lease expires May 31st, 2020 Both units have walk-out decks Castle Acres is considered a good subdivision in the Village of Swansea with access to good schools Renovations - Side A: 2019 Side B: 2013
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Lindsay Burnham
100 Turnbridge Dr - Castle Acres Subdivision DUPLEX
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