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1003 North Franklin Street 1003 N Franklin St 2 Unit Apartment Building $79,900 ($39,950/Unit) 14.39% Cap Rate Danville, IL 61832
Executive Summary
BEAUTIFUL BRICK DUPLEX!!!!
Both sides are rented. Professionally managed. Tenants pay all utilities. Basement is dry, and has space for 2 additional units!!!! Or can be expanded for additional space and more rental revenue!!! Newer roof, good condition inside and out. PROPERTY WILL GENERATE A 14%+ NET RETURN ON INVESTMENT!!! Do not miss out on this opportunity. These prices are disappearing quickly!!!
Financing and property management is available.
Both sides are rented. Professionally managed. Tenants pay all utilities. Basement is dry, and has space for 2 additional units!!!! Or can be expanded for additional space and more rental revenue!!! Newer roof, good condition inside and out. PROPERTY WILL GENERATE A 14%+ NET RETURN ON INVESTMENT!!! Do not miss out on this opportunity. These prices are disappearing quickly!!!
Financing and property management is available.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$15,600
|
$11.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$15,600
|
$11.14
|
| Taxes |
$742
|
$0.53
|
| Operating Expenses |
$3,360
|
$2.40
|
| Total Expenses |
$4,102
|
$2.93
|
| Net Operating Income |
$11,498
|
$8.21
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $15,600 |
| Annual Per SF | $11.14 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $15,600 |
| Annual Per SF | $11.14 |
| Taxes | |
|---|---|
| Annual | $742 |
| Annual Per SF | $0.53 |
| Operating Expenses | |
|---|---|
| Annual | $3,360 |
| Annual Per SF | $2.40 |
| Total Expenses | |
|---|---|
| Annual | $4,102 |
| Annual Per SF | $2.93 |
| Net Operating Income | |
|---|---|
| Annual | $11,498 |
| Annual Per SF | $8.21 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $650.00 | - |
1 1
Walk Score®
Very Walkable (73)
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1003 North Franklin Street | 1003 N Franklin St
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