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Carrolton Apartments 818 6th St 16 Unit Apartment Building $759,900 ($47,494/Unit) 11.04% Cap Rate Carrollton, IL 62016
INVESTMENT HIGHLIGHTS
- 16-unit multifamily building
- Upside potential: many units under-rented, room to increase rents for higher yield
- Strong financial performance: gross income ~$124,000 / year, net income ~$83,927 / year, net return ~11.04%
EXECUTIVE SUMMARY
GREAT INVESTMENT OPPORTUNITY!!!
16 units. 8 x 1bed/1bath and 8 x 2bed/1bath. These properties are perfect!!! New electric, new central heat and air units, newer roof, new metal staircases and list goes on. All work is done to the top standard. Excellent condition inside and out. Absolutely no deferred maintenance. Highest quality of construction. All concrete, including walls between units and stories. Long term and high quality tenants. Nicest property on the market today. Will generate a 11%+ NET RETURN ON INVESTMENT with NO SURPRISES!!! Room to increase rents for a higher return, units are under rented!!!
Do not miss out on this opportunity.
16 units. 8 x 1bed/1bath and 8 x 2bed/1bath. These properties are perfect!!! New electric, new central heat and air units, newer roof, new metal staircases and list goes on. All work is done to the top standard. Excellent condition inside and out. Absolutely no deferred maintenance. Highest quality of construction. All concrete, including walls between units and stories. Long term and high quality tenants. Nicest property on the market today. Will generate a 11%+ NET RETURN ON INVESTMENT with NO SURPRISES!!! Room to increase rents for a higher return, units are under rented!!!
Do not miss out on this opportunity.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$124,000
|
$8.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$124,000
|
$8.86
|
| Taxes |
$14,752
|
$1.05
|
| Operating Expenses |
$40,073
|
$2.86
|
| Total Expenses |
$54,825
|
$3.92
|
| Net Operating Income |
$69,175
|
$4.94
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $124,000 |
| Annual Per SF | $8.86 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $124,000 |
| Annual Per SF | $8.86 |
| Taxes | |
|---|---|
| Annual | $14,752 |
| Annual Per SF | $1.05 |
| Operating Expenses | |
|---|---|
| Annual | $40,073 |
| Annual Per SF | $2.86 |
| Total Expenses | |
|---|---|
| Annual | $54,825 |
| Annual Per SF | $3.92 |
| Net Operating Income | |
|---|---|
| Annual | $69,175 |
| Annual Per SF | $4.94 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $650.00 | - |
| 1+1 | 8 | $600.00 | - |
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PROPERTY TAXES
| Parcel Number | 03-92-22-412-005 | Total Assessment | $218,914 (2024) |
| Land Assessment | $6,330 (2024) | Annual Taxes | $14,752 ($1.05/SF) |
| Improvements Assessment | $212,584 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
03-92-22-412-005
Land Assessment
$6,330 (2024)
Improvements Assessment
$212,584 (2024)
Total Assessment
$218,914 (2024)
Annual Taxes
$14,752 ($1.05/SF)
Tax Year
2025
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Carrolton Apartments | 818 6th St
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