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Woodland Grove Apartments 1103 25th St 48 Unit Apartment Building $2,700,000 ($56,250/Unit) 8.97% Cap Rate Rock Island, IL 61201
Investment Highlights
- 8-Studio; 24-1BR/1BA; 8-2BR/1BA; 8-2BR/2BA
- 1 mile west of Augustana College (2,500 students)
- 2 miles north of Rock Island Arsenal, a large military installation and the city’s largest employer with 6,300 employees
Executive Summary
CBRE is pleased to offer the opportunity to acquire Woodland Grove Apartments, a 48-unit apartment community in Rock Island, Illinois.? Rock Island is part of the Quad Cities MSA of over 400,000 people.? Rock Island is home to Rock Island Arsenal, a large military installation and the city’s largest employer with 6,300 employees just two miles north of the property.? Augustana College is also located in Rock Island with enrollment of approximately 2,500 students, less than one mile from the property.?
Address: 1103 25th Street, Rock Island, Illinois 61201
List Price: $2,700,000
Cap Rate: 8.97%
Year Built: 1966
Number of Units: 48
Unit Mix: 8-Studio; 24-1BR/1BA; 8-2BR/1BA; 8-2BR/2BA
Avg.? Unit Size: 717 SF
Avg.? In Place Rent: $760
Address: 1103 25th Street, Rock Island, Illinois 61201
List Price: $2,700,000
Cap Rate: 8.97%
Year Built: 1966
Number of Units: 48
Unit Mix: 8-Studio; 24-1BR/1BA; 8-2BR/1BA; 8-2BR/2BA
Avg.? Unit Size: 717 SF
Avg.? In Place Rent: $760
Property Facts
| Price | $2,700,000 | Property Subtype | Apartment |
| Price Per Unit | $56,250 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.97% | Building Size | 42,000 SF |
| No. Units | 48 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1966 |
| Price | $2,700,000 |
| Price Per Unit | $56,250 |
| Sale Type | Investment |
| Cap Rate | 8.97% |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 42,000 SF |
| No. Stories | 2 |
| Year Built | 1966 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 16-01-101-011 | Improvements Assessment | $376,685 |
| Land Assessment | $66,898 | Total Assessment | $443,583 |
Property Taxes
Parcel Number
16-01-101-011
Land Assessment
$66,898
Improvements Assessment
$376,685
Total Assessment
$443,583
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Woodland Grove Apartments | 1103 25th St
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