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Cheap Rentals 716 Robinson St 5 Unit Apartment Building $129,900 ($25,980/Unit) 19.16% Cap Rate Danville, IL 61832
Executive Summary
Great Mini Package!!
Duplex and house on one parcel, and duplex on another. Total of 5 units. 4 x 2bed/1bath units and 1 x 1bed/1bath unit. Tons of potential. PROPERTY WILL GENERATE A 19%+ NET RETURN ON INVESTMENT!! OVER 60K IN VALUE ADD!!! Units are rent ready. One of 2bed units just rented for $750/month. Steal this property for cheap before all units are occupied.
Property management and financing is available.
Duplex and house on one parcel, and duplex on another. Total of 5 units. 4 x 2bed/1bath units and 1 x 1bed/1bath unit. Tons of potential. PROPERTY WILL GENERATE A 19%+ NET RETURN ON INVESTMENT!! OVER 60K IN VALUE ADD!!! Units are rent ready. One of 2bed units just rented for $750/month. Steal this property for cheap before all units are occupied.
Property management and financing is available.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$40,200
|
$9.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$40,200
|
$9.35
|
| Taxes |
$1,164
|
$0.27
|
| Operating Expenses |
$12,228
|
$2.84
|
| Total Expenses |
$13,392
|
$3.11
|
| Net Operating Income |
$26,808
|
$6.23
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $40,200 |
| Annual Per SF | $9.35 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $40,200 |
| Annual Per SF | $9.35 |
| Taxes | |
|---|---|
| Annual | $1,164 |
| Annual Per SF | $0.27 |
| Operating Expenses | |
|---|---|
| Annual | $12,228 |
| Annual Per SF | $2.84 |
| Total Expenses | |
|---|---|
| Annual | $13,392 |
| Annual Per SF | $3.11 |
| Net Operating Income | |
|---|---|
| Annual | $26,808 |
| Annual Per SF | $6.23 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $650.00 | - |
| 1+1 | 1 | $550.00 | - |
| 2+1 | 2 | $750.00 | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 23-05-302-042 | Total Assessment | $9,484 (2024) |
| Land Assessment | $1,311 (2024) | Annual Taxes | $1,164 ($0.27/SF) |
| Improvements Assessment | $8,173 (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
23-05-302-042
Land Assessment
$1,311 (2024)
Improvements Assessment
$8,173 (2024)
Total Assessment
$9,484 (2024)
Annual Taxes
$1,164 ($0.27/SF)
Tax Year
2026
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Cheap Rentals | 716 Robinson St
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