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970 Fairway Dr
Naperville, IL 60563
Fairways of Naperville · Multifamily Property For Sale
·
210 Units
PROPERTY FACTS
| No. Units | 210 | Building Size | 181,172 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1985/2017 |
| Building Class | C | Parking Ratio | 2.27/1,000 SF |
| Lot Size | 16.86 AC | ||
| Zoning | C | ||
| No. Units | 210 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 16.86 AC |
| Building Size | 181,172 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2017 |
| Parking Ratio | 2.27/1,000 SF |
| Zoning | C |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Satellite TV
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Controlled Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Sauna
- Tennis Court
- Laundry Service
- Package Service
- Health Club Discount
- Lounge
- Maintenance on site
- Sundeck
ABOUT 970 FAIRWAY DR , NAPERVILLE, IL 60563
The Property was constructed in 1985 and refurbished in 2005 with new roofs, vinyl siding, and HVAC units. Fairways of Naperville is a well-maintained, upgraded example of modern workforce housing affordable to residents earning less than 100% of Area Median Income (AMI) in affluent Naperville. Current ownership successfully repositioned the Property’s standard clubhouse into a premier amenity space and proved out a unit interior renovation program to two-thirds of the units. Fairways provides an attractive number of original condition units remaining for rehab, offering investors the ability to capitalize on accelerating rent growth from completion of the already-proven interior upgrade program. Investors may also capitalize on an expanded renovation scope to 100% of the units, without any heavy-lifting to the common area amenities.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 68 | - | 696 |
| 2+1 | 44 | - | 888 |
| 2+2 | 84 | - | 944 |
| 3+2 | 14 | - | 1,144 |
PROPERTY TAXES
| Parcel Number | 07-09-306-001 | Improvements Assessment | $7,818,060 |
| Land Assessment | $1,794,670 | Total Assessment | $9,612,730 |
PROPERTY TAXES
