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200 W Editor St 2 Unit Apartment Building Offered at $90,000 Ashland, IL 62612
INVESTMENT HIGHLIGHTS
- Great opportunity for Business Location with Residential Rental Income on 2nd story
- Residential units are currently rented.
- Some TLC needed on the main level
EXECUTIVE SUMMARY
The possibilities are endless with this income producing commercial building in downtown Ashland. The main floor used to be home to the "Crock Pot Cafe" restaurant. Themain floor can be used for an office space, restaurant, retail building, or any business. The upstairs space offers two apartments that feature 1 bedroom/1 bath with kitchenette's. Each are currently rented. The main level needs the bathrooms/kitchen/flooring repaired, but is a great opportunity to own a piece of history with current income producing apartments. Call to schedule your appointment today!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$14,700
|
$4.15
|
| Other Income |
$12,000
|
$3.39
|
| Vacancy Loss |
$12,000
|
$3.39
|
| Effective Gross Income |
$14,700
|
$4.15
|
| Taxes |
$1,076
|
$0.30
|
| Operating Expenses |
$2,000
|
$0.56
|
| Total Expenses |
$3,076
|
$0.87
|
| Net Operating Income |
$11,624
|
$3.28
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $14,700 |
| Annual Per SF | $4.15 |
| Other Income | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $3.39 |
| Vacancy Loss | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $3.39 |
| Effective Gross Income | |
|---|---|
| Annual | $14,700 |
| Annual Per SF | $4.15 |
| Taxes | |
|---|---|
| Annual | $1,076 |
| Annual Per SF | $0.30 |
| Operating Expenses | |
|---|---|
| Annual | $2,000 |
| Annual Per SF | $0.56 |
| Total Expenses | |
|---|---|
| Annual | $3,076 |
| Annual Per SF | $0.87 |
| Net Operating Income | |
|---|---|
| Annual | $11,624 |
| Annual Per SF | $3.28 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Ceiling Fans
- Basement
1 1
PROPERTY TAXES
| Parcel Number | 02-034-001-00 | Total Assessment | $13,020 |
| Land Assessment | $655 | Annual Taxes | $1,076 ($0.30/SF) |
| Improvements Assessment | $12,365 | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
02-034-001-00
Land Assessment
$655
Improvements Assessment
$12,365
Total Assessment
$13,020
Annual Taxes
$1,076 ($0.30/SF)
Tax Year
2024 Payable 2025
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200 W Editor St
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