552 S Church St | Decatur, IL 62522
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552 S Church St
Decatur, IL 62522
Decatur Flats · Multifamily Property For Sale
·
110 Units
Investment Highlights
- Excellent Value Add Opportunity with Economies of Scale In High Barrier-To-Entry Rental Market
- Solid Brick Construction | All Roofs Replaced in 2014
- Well-Located Rental Community for Local Workforce Housing Renters
- Primed for Multiple Value-Add Strategies: Takeover: Increase Occupancy & Rents to Eliminate Loss-to-Lease
- Attractive Agency Financing Available
- Nestled in the Heart of Decatur | Located Only Four Blocks South of Recently Revitalized Downtown Decatur
Property Facts
| No. Units | 110 | Building Size | 92,750 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1968 |
| Building Class | C | Parking Ratio | 1.51/1,000 SF |
| Lot Size | 4.30 AC | ||
| Zoning | M1-1 | ||
| No. Units | 110 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.30 AC |
| Building Size | 92,750 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 1.51/1,000 SF |
| Zoning | M1-1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Tenant Controlled HVAC
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | - | 520 |
| 2+1 | 69 | - | 870 |
| 3+2 | 19 | - | 1,120 |
Property Taxes
| Parcel Number | 04-12-15-430-001 | Improvements Assessment | $1,491,661 |
| Land Assessment | $258,339 | Total Assessment | $1,750,000 |
Property Taxes
Parcel Number
04-12-15-430-001
Land Assessment
$258,339
Improvements Assessment
$1,491,661
Total Assessment
$1,750,000
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