641-659 Linda Ct Mount Zion, IL 62549

Property Details for 641-659 Linda Ct

Lot size

2.88 lot acres

Property size

1,225 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of four fully leased duplexes totaling eight units, situated on a 2.88-acre lot in Mount Zion, Illinois. The property consists of four single-story buildings, each featuring spacious two-unit duplexes. Currently boasting 100% occupancy, the portfolio generates a substantial net operating income (NOI) of $117,600 annually, representing an 8.40% cap rate. However, with significant potential for rental increases, a pro-forma NOI of $172,800 and a 12.34% pro-forma cap rate are projected. Each unit is approximately 1,225 square feet and the property is zoned RES, offering flexibility for future development. The asking price is $1,400,000, or $175,000 per unit. Located on Linda Ct., in Mount Zion, IL 62549, this property benefits from its location in a desirable neighborhood with easy access to amenities and major roadways, ensuring strong rental demand and high tenant retention. This turnkey investment offers immediate cash flow and substantial value-add potential in a growing community. The property's strong historical performance and current market conditions make this a compelling opportunity for investors seeking immediate returns and long-term growth. The well-maintained buildings and spacious units contribute to tenant satisfaction and minimize maintenance expenses. This is a rare opportunity to acquire a fully leased, high-performing multifamily portfolio in a desirable location.

Location Insight

City

Mount Zion

County

Macon

State

Illinois

Longitude

-88.8622

Latitude

39.7692