1401 S 16th St | Herrin, IL 62948
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1401 S 16th St
Herrin, IL 62948
Cambridge Manor Apartments · Multifamily Property For Sale
·
65 Units
Investment Highlights
- Covered Parking
- Value add opportunity with rent bumps
- Walking distance to Kroger, Walmart and Walgreens
Property Facts
| No. Units | 65 | Building Size | 50,000 SF |
| Property Type | Multifamily | Average Occupancy | 82% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1973 |
| Building Class | C | Parking Ratio | 2.22/1,000 SF |
| Lot Size | 4.20 AC | ||
| Zoning | R4 Multi Family - Located in a mixed commercial / residential area. Most commercial property being located on the main highway of IL 148. | ||
| No. Units | 65 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.20 AC |
| Building Size | 50,000 SF |
| Average Occupancy | 82% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 2.22/1,000 SF |
| Zoning | R4 Multi Family - Located in a mixed commercial / residential area. Most commercial property being located on the main highway of IL 148. |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | $450.00 | - |
| 2+1 | 35 | $475.00 | - |
| 3+2 | 8 | $595.00 | - |
Property Taxes
| Parcel Number | 02-30-455-001 | Improvements Assessment | $476,010 |
| Land Assessment | $90,370 | Total Assessment | $566,380 |
Property Taxes
Parcel Number
02-30-455-001
Land Assessment
$90,370
Improvements Assessment
$476,010
Total Assessment
$566,380
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