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1708 Main St Jacksonville, IL 62650

Sponsored
For Sale
$2,750,000

40-Unit Apartment Complex, High Occupancy

Description

Added:
Dec 11, 2024
Days on Market:
417
This exceptional multifamily investment opportunity in Jacksonville, Illinois presents a portfolio of three strategically located apartment buildings totaling 40 units. Currently boasting a 90% occupancy rate, this property offers a compelling return on investment with a 6.50% capitalization rate and an asking price of $2,750,000 ($68,750 per unit). The well-maintained buildings benefit from on-site maintenance five days a week, ensuring consistent upkeep and tenant satisfaction. Furthermore, the property includes 30 additional garage/storage units, providing further income potential and added value. Tenants are responsible for their own electricity, minimizing operational expenses for the owner. Detailed financial information, including a comprehensive breakdown of each building's location and performance, is available upon execution of a non-disclosure agreement (NDA). This is a turnkey investment opportunity with strong potential for future growth and a proven track record of profitability. A detailed brochure providing further location specifics is available upon request. Don't miss this chance to acquire a stable and high-performing multifamily asset in a desirable Illinois market.

Property Features for 1708 Main St

General Information

Property type
Multifamily properties

Building Details

Units
40

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Listing Contact
Curtis Tillett
Curtis Tillett

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Property Insight Report

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Jacksonville
County
Morgan
State
Illinois
Longitude
-90.229199871392
Latitude
39.710303328489

FAQs

What type of property is this?
Multifamily property - 40-Unit Apartment Complex, High Occupancy
Where is this multifamily property located?
The property is located at 1708 Main St Jacksonville, IL.
What is the asking price?
The asking price for this property is $2,750,000.
More about this property
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