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Brewhaus Townhomes 201 S 8th St 34 Unit Apartment Building $7,735,000 ($227,500/Unit) 7.99% Cap Rate Quincy, IL 62301
Investment Highlights
- Recent build, 2024.
- Downtown location, easy access to shopping and nightlife.
- 29 Units ($1,800ea. per month), 4 Furnished Units ($3,500ea. per month), 1 Furnished Unit ($2,800 ea. per month)
- Fully equipped Fitness Facility, 24 hour access for tenants.
Executive Summary
Introducing the Brewhaus Townhomes: an exclusive new development nestled in the heart of Quincy's iconic Historic Brewery District. With an impressive commitment of $926,850 from the local government, this project promises an unrivaled residential experience that melds history with contemporary living.
Key Features:
Spacious Design: Each home boasts an expansive 1,864 sq. ft. of carefully planned living space, ensuring maximum comfort and utility.
Elegant Interiors: Offering two beautifully designed bedrooms, inclusive of a luxurious master suite, each home also features two and a half refined bathrooms, a dedicated laundry room, a modern office space, and a seamless joint living and dining area.
Private Amenities: a meticulously maintained private courtyard for those serene moments, and an exclusive gym/fitness center to meet all your health and wellness needs.
Premium Parking: Every townhome is accompanied by a one-car garage and an additional parking space in the driveway, ensuring ease and convenience for residents.
Unmatched Location:
The Brewhaus Townhomes stand as a testament to Quincy's rich heritage. Located uniquely in the Historic Brewery District, residents will be amidst timeless landmarks while being part of a fresh and vibrant community. This development not only offers 34 top-of-the-line townhomes but also serves as a gateway to Quincy’s past, making every moment here a blend of nostalgia and modernity.
Key Features:
Spacious Design: Each home boasts an expansive 1,864 sq. ft. of carefully planned living space, ensuring maximum comfort and utility.
Elegant Interiors: Offering two beautifully designed bedrooms, inclusive of a luxurious master suite, each home also features two and a half refined bathrooms, a dedicated laundry room, a modern office space, and a seamless joint living and dining area.
Private Amenities: a meticulously maintained private courtyard for those serene moments, and an exclusive gym/fitness center to meet all your health and wellness needs.
Premium Parking: Every townhome is accompanied by a one-car garage and an additional parking space in the driveway, ensuring ease and convenience for residents.
Unmatched Location:
The Brewhaus Townhomes stand as a testament to Quincy's rich heritage. Located uniquely in the Historic Brewery District, residents will be amidst timeless landmarks while being part of a fresh and vibrant community. This development not only offers 34 top-of-the-line townhomes but also serves as a gateway to Quincy’s past, making every moment here a blend of nostalgia and modernity.
Data Room Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
Financial Summary (Pro Forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $7,735,000 | Apartment Style | Townhome |
| Price Per Unit | $227,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 2.00 AC |
| Cap Rate | 7.99% | Building Size | 62,459 SF |
| No. Units | 34 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 1.09/1,000 SF |
| Price | $7,735,000 |
| Price Per Unit | $227,500 |
| Sale Type | Investment |
| Cap Rate | 7.99% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 2.00 AC |
| Building Size | 62,459 SF |
| No. Stories | 2 |
| Year Built | 2024 |
| Parking Ratio | 1.09/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Walk-In Closets
- Carpet
- Wi-Fi
- Office
Site Amenities
- 24 Hour Access
- Courtyard
- Fitness Center
- Gated
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 34 | $2,650 | 1,864 |
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Walk Score®
Very Walkable (87)
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Brewhaus Townhomes | 201 S 8th St
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