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1833 Seven Pines Rd
Springfield, IL 62704
 Pine Ridge Apartments · Multifamily Property For Sale · 220 Units

Apartment Buildings Illinois Springfield 1833 Seven Pines Rd, Springfield, IL 62704

INVESTMENT HIGHLIGHTS

  • Westbrook Apartments has been owned and operated at a high standard by a sole owner for the last six years.
  • Ownership strategically upgraded 100 units which are achieving a $50 rental premium on average.
  • A new investor can immediately increase revenue by adding washer/dryers in more units, increasing rental rates at the property.
  • History of exceptional occupancy and high tenant retention, with over 27% of the tenants having lived on-site for three-plus years.
  • Direct access to I-55 and I-72 provides easy access to the downtown central business district and key employment hubs.
  • Abundant in-demand retail and entertainment amenities with minutes of the property making it a highly desirable location.

PROPERTY FACTS

No. Units 220 Building Size 193,800 SF
Property Type Multifamily Average Occupancy 46%
Property Subtype Apartment No. Stories 3
Apartment Style Garden Year Built 1973
Building Class C Parking Ratio 2.06/1,000 SF
Lot Size 12.77 AC
No. Units 220
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 12.77 AC
Building Size 193,800 SF
Average Occupancy 46%
No. Stories 3
Year Built 1973
Parking Ratio 2.06/1,000 SF

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Ceiling Fans
  • Refrigerator
  • Oven
  • Range

SITE AMENITIES

  • Laundry Facilities
  • Playground
  • Property Manager on Site
  • Tennis Court
  • Laundry Service

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 28 - -
2+2 192 - -

LINKS

PROPERTY TAXES

Parcel Number 22-08.0-351-001 Improvements Assessment $1,673,693
Land Assessment $505,925 Total Assessment $2,179,618

PROPERTY TAXES

Parcel Number
22-08.0-351-001
Land Assessment
$505,925
Improvements Assessment
$1,673,693
Total Assessment
$2,179,618
 

  • Listing ID: 22397794

  • Date on Market: 3/4/2021

  • Last Updated:

  • Address: 1833 Seven Pines Rd, Springfield, IL 62704

More public record information on 1833 Seven Pines Rd, Springfield, IL 62704

The Multifamily Property at 1833 Seven Pines Rd, Springfield, IL 62704 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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