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PINE EXTENDED STAY 19051 13th St 10 Unit Apartment Building $175,000 ($17,500/Unit) 25% Cap Rate Fulton, IL 61252
INVESTMENT HIGHLIGHTS
- Building footprint ~3,631 sq ft, one story layout for efficient operations
- Solid returns — ~22.7% net ROI
- Turnkey investment with “instant equity” potential built in
EXECUTIVE SUMMARY
INSANE OPPORTUNITY!!!
10 unit complex. 9 units in the main building and a single family. New roof, new windows, new paint. Tons of work done inside. Will rent easily for $600 per unit or $150 a week. PROPERTY WILL GENERATE 22.68%+ NET RETURN ON INVESTMENT!!! OVER $100k IN INSTANT EQUITY!!! Very nice midwestern town. Low crime and tons of upside. Easy and stable income generator.
Financing is available!!!
10 unit complex. 9 units in the main building and a single family. New roof, new windows, new paint. Tons of work done inside. Will rent easily for $600 per unit or $150 a week. PROPERTY WILL GENERATE 22.68%+ NET RETURN ON INVESTMENT!!! OVER $100k IN INSTANT EQUITY!!! Very nice midwestern town. Low crime and tons of upside. Easy and stable income generator.
Financing is available!!!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$81,652
|
$22.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$81,652
|
$22.49
|
| Taxes |
$2,380
|
$0.66
|
| Operating Expenses |
$33,909
|
$9.34
|
| Total Expenses |
$36,289
|
$9.99
|
| Net Operating Income |
$45,363
|
$12.49
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $81,652 |
| Annual Per SF | $22.49 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $81,652 |
| Annual Per SF | $22.49 |
| Taxes | |
|---|---|
| Annual | $2,380 |
| Annual Per SF | $0.66 |
| Operating Expenses | |
|---|---|
| Annual | $33,909 |
| Annual Per SF | $9.34 |
| Total Expenses | |
|---|---|
| Annual | $36,289 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $45,363 |
| Annual Per SF | $12.49 |
PROPERTY FACTS Under Contract
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 9 | $664.00 | - |
| 1+1 | 1 | $830.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 0128483001 | Total Assessment | $31,125 (2024) |
| Land Assessment | $6,125 (2024) | Annual Taxes | $2,380 ($0.66/SF) |
| Improvements Assessment | $25,000 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0128483001
Land Assessment
$6,125 (2024)
Improvements Assessment
$25,000 (2024)
Total Assessment
$31,125 (2024)
Annual Taxes
$2,380 ($0.66/SF)
Tax Year
2025
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PINE EXTENDED STAY | 19051 13th St
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