2305-2309 Cherry Hills Dr Springfield, IL 62704
- Land
Current Use by Public Records
- Land
Property Details for 2305-2309 Cherry Hills Dr
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional investment opportunity presents a 24-unit multifamily property located at 2305-2309 CHERRY HILLS Drive, Springfield, IL 62704. The property consists of two buildings, each featuring 12 fully remodeled units. These units underwent a complete renovation in 2019, boasting brand new HVAC systems, flooring, kitchens, bathrooms, and fresh paint throughout. This ensures high-quality living spaces for tenants and minimizes future maintenance needs. The property's strategic location adjacent to Hy-Vee and in close proximity to shopping centers, schools, and other amenities makes it highly desirable and attractive to a wide range of renters, contributing to strong occupancy rates and consistent rental income. The asking price for this turnkey investment is $1,900,000. While the square footage is believed to be accurate, it is not guaranteed. This property represents a compelling addition to any real estate portfolio, offering a blend of immediate income generation and long-term appreciation potential. Don't miss this chance to acquire a well-maintained, high-demand multifamily complex in a thriving Springfield neighborhood.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6735
- Latitude
- 39.7737
