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297 Oak Street 297 Oak St 4 Unit Apartment Building $64,900 ($16,225/Unit) 18.39% Cap Rate Dallas City, IL 62330
Executive Summary
LARGE DOWNTOWN BUILDING!!! Block away from the water. All Brick. Newer Roof. Brand New Gas Furnace! Over 5200 square feet! Total of 4 apartments, and space to add a couple more!! Offered at a massive discount, only $12.5 per square foot!!!! BUILDING WILL GENERATE A 18%+ NET RETURN ON INVESTMENT!!! Easy to manage. Long term tenants.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$23,400
|
$4.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$23,400
|
$4.50
|
| Taxes |
$2,217
|
$0.43
|
| Operating Expenses |
$8,328
|
$1.60
|
| Total Expenses |
$10,545
|
$2.03
|
| Net Operating Income |
$12,855
|
$2.47
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $23,400 |
| Annual Per SF | $4.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $23,400 |
| Annual Per SF | $4.50 |
| Taxes | |
|---|---|
| Annual | $2,217 |
| Annual Per SF | $0.43 |
| Operating Expenses | |
|---|---|
| Annual | $8,328 |
| Annual Per SF | $1.60 |
| Total Expenses | |
|---|---|
| Annual | $10,545 |
| Annual Per SF | $2.03 |
| Net Operating Income | |
|---|---|
| Annual | $12,855 |
| Annual Per SF | $2.47 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $500.00 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
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Map
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Contact the Sale Advisor
297 Oak Street | 297 Oak St