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911 S Franklin Ave
Normal, IL 61761
The Franklins · Multifamily Property For Sale
·
20 Units
INVESTMENT HIGHLIGHTS
- Well-Located - Only a Seven-Minute Walk to Campus
- In-Unit Laundry
- Great Unit Mix - Comprised of Spacious Two and Three-Bedroom Apartments
- Well-Maintained Buildings Featuring a Number of Recent Capital Improvements - New Roofs, Many Units Upgraded with Wood Flooring
PROPERTY FACTS
| No. Units | 20 | Lot Size | 1.00 AC |
| Property Type | Multifamily | Building Size | 18,600 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1989 |
| Building Class | B | ||
| Zoning | R-3B | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 18,600 SF |
| No. Stories | 2 |
| Year Built | 1989 |
| Zoning | R-3B |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Furnished Units Available
ABOUT 911 S FRANKLIN AVE , NORMAL, IL 61761
Marcus & Millichap is pleased to present the Franklins, a two-building, 20-unit apartment complex located at 809 and 911 South Franklin in Normal, Illinois. The Franklins consists of a unit mix of 18 three-bedroom, two-bathroom units, as well as two two-bedroom, two-bathroom units. The monthly rent includes parking, utilities, internet, flat screen TV and in-unit washer and dryer as amenities. The Franklins are located about 0.3 miles from campus or for the students a seven-minute walk to class. The unit at the Franklins are spacious and come furnished with all the amenities students expect. With its location in the heart of the Normal student housing market, the Franklins are a great option for students looking for an affordable and amenity-rich student housing solution. The property has benefited from a number of capital improvements over he years, including wood flooring in some of the units, new roofs on both buildings and several new HVAC units. The Franklins in Normal offers a new investor the opportunity to acquire a well-maintained student housing property that is well-located within walking distance to Illinois State University campus.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | - | 900 |
| 3+2 | 18 | - | 900 - 1,000 |
PROPERTY TAXES
| Parcel Number | 14-28-454-008 | Improvements Assessment | $250,751 |
| Land Assessment | $75,713 | Total Assessment | $326,464 |
PROPERTY TAXES
