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Westside Apartments 219 S F St 12 Unit Mobile Home Park $399,900 ($33,325/Unit) 15.57% Cap Rate La Harpe, IL 61450


Executive Summary
CASH COW!!!
Beautiful 12 unit complex. 3 buildings. Each building has 4 x 2bed/1bath units. Property is in good shape. Separate electric meters and water. Low maintenance, baseboard heating, window a/c. Units rent for $600 each. WILL GENERATE A 15.57%+ NET RETURN ON INVESTMENT!!! $75K IN VALUE ADD!!!! Each building has a laundry room for more income. Do not miss out on this amazing opportunity!!!
Financing is available!
Beautiful 12 unit complex. 3 buildings. Each building has 4 x 2bed/1bath units. Property is in good shape. Separate electric meters and water. Low maintenance, baseboard heating, window a/c. Units rent for $600 each. WILL GENERATE A 15.57%+ NET RETURN ON INVESTMENT!!! $75K IN VALUE ADD!!!! Each building has a laundry room for more income. Do not miss out on this amazing opportunity!!!
Financing is available!
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$90,000
|
$10.71
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$90,000
|
$10.71
|
| Taxes |
$11,704
|
$1.39
|
| Operating Expenses |
$18,264
|
$2.17
|
| Total Expenses |
$29,968
|
$3.57
|
| Net Operating Income |
$60,032
|
$7.15
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $90,000 |
| Annual Per SF | $10.71 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $90,000 |
| Annual Per SF | $10.71 |
| Taxes | |
|---|---|
| Annual | $11,704 |
| Annual Per SF | $1.39 |
| Operating Expenses | |
|---|---|
| Annual | $18,264 |
| Annual Per SF | $2.17 |
| Total Expenses | |
|---|---|
| Annual | $29,968 |
| Annual Per SF | $3.57 |
| Net Operating Income | |
|---|---|
| Annual | $60,032 |
| Annual Per SF | $7.15 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Security System
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Double Pane Windows
- Pantry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $600.00 | 700 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 06-21-000-121 | Total Assessment | $45,936 (2024) |
| Land Assessment | $2,002 (2024) | Annual Taxes | $11,704 ($1.14/SF) |
| Improvements Assessment | $43,934 (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
06-21-000-121
Land Assessment
$2,002 (2024)
Improvements Assessment
$43,934 (2024)
Total Assessment
$45,936 (2024)
Annual Taxes
$11,704 ($1.14/SF)
Tax Year
2026
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Westside Apartments | 219 S F St
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