Share This Listing

Message

941 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

503 E South Central Ave - AMP Rentals 8 Unit Apartment Building Offered at $786,880 at a 7.50% Cap Rate Tuscola, IL 61953

Save this listing!

Favorite this listing to get notified of price updates, new media and more

EXECUTIVE SUMMARY

8 units
All, 3 bed 2 baths
7000 sq building
coin operated washer/s & Dryer/s
All units, individually metered, gas, water, electric
100% occupation
Gross rent 73,800k
NOI 59k
CAP 7.5%
Asking 787k
Plenty of room to raise rent if you wish.

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
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 (ACTUAL - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
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

Price $786,880
Price Per Unit $98,360
Sale Type Investment
Cap Rate 7.50%
Sale Condition 1031 Exchange
No. Units 8
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Mid-Rise
Building Size 7,000 SF
Average Occupancy 100%
No. Stories 2
Year Built 1980
Parking Ratio 2.57/1,000 SF

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Yard
  • Attic
  • Pantry
  • Patio
  • Smoke Free

SITE AMENITIES

  • Laundry Facilities
  • Trash Pickup - Curbside

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2 8 $775.00 800

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-02-34-401-027
Land Assessment
$8,943 (2024)
Improvements Assessment
$94,049 (2024)
Total Assessment
$102,992 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
  • Listing ID: 38918291

  • Date on Market: 12/29/2025

  • Last Updated:

  • Address: 503 E South Central Ave, Tuscola, IL 61953

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}