Log In/Sign Up
Your email has been sent.
429 South St 10 Unit Apartment Building Offered at $485,000 Pekin, IL 61554
Investment Highlights
- Provides Immediate Cash Flow and is Consistently Fully Leased
- Complex is Well Maintained and Professionally Managed
Executive Summary
10 unit apartment building that can generate new owners immediate cash flow, with room for rent increases.? With rear parking lot available for tenants, common laundry, individual storage units in the basement, this apartment complex has been well maintained, is professionally managed (Stoneburner) and is consistently fully leased.? Each of the 10 units are 1 bedroom and 1 bathroom, have owner owned appliances, and each unit has a slider door leading out the back to either a patio or a deck.? Tenants each pay their own separately metered Ameren utilities.? Video Walkthrough Tour available here: https://rem.?ax/429SouthUnitD.? Property is listed at a pro forma 11.3% CAP Rate.?
Property Facts
| Price | $485,000 | Lot Size | 0.35 AC |
| Price Per Unit | $48,500 | Building Size | 5,440 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 10 | Year Built | 1972 |
| Property Type | Multifamily | ||
| Zoning | RM-2 | ||
| Price | $485,000 |
| Price Per Unit | $48,500 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Lot Size | 0.35 AC |
| Building Size | 5,440 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | RM-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 04-10-03-425-007 | Improvements Assessment | $112,900 |
| Land Assessment | $10,860 | Total Assessment | $123,760 |
Property Taxes
Parcel Number
04-10-03-425-007
Land Assessment
$10,860
Improvements Assessment
$112,900
Total Assessment
$123,760
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
