216 Jefferson St Woodstock, IL 60098

Property Details for 216 Jefferson St

Year built

1912

Property type

Commercial real estate

Description

This exceptional seven-unit apartment building presents a compelling investment opportunity in the heart of Woodstock, Illinois. Located just blocks from the historic Woodstock Town Square and conveniently close to the Metra station, this property boasts a highly desirable location ensuring consistent occupancy. The building features a mix of four spacious two-bedroom units and three one-bedroom units, all within a competitive rental range. A significant advantage is that tenants are responsible for their own heating costs, minimizing operational expenses for the owner. The property's vintage charm adds to its appeal, attracting a strong tenant pool. Woodstock's Town Square is experiencing substantial public and private investment, promising significant future growth in property value. This translates to increased rental income and a robust return on investment. Currently priced to yield a 7% capitalization rate, any future appreciation represents pure profit potential. This is a rare chance to acquire a well-maintained, cash-flowing multifamily property in a thriving and rapidly appreciating area. The building's prime location and desirable unit mix make it an ideal investment for both seasoned and new investors seeking strong returns. Don't miss this chance to secure a piece of Woodstock's vibrant future.

Location Insight

City

Woodstock

County

McHenry

State

Illinois

Longitude

-88.44635

Latitude

42.31325