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    Small apartment buildings

    412 Church St, Champaign, IL 61820

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    AI-generated overview

    This exceptional investment opportunity presents a portfolio of four multifamily properties totaling eighteen units, strategically located in the heart of Champaign, Illinois. The properties, situated at 412 W Church St, 311 W Columbia Ave, 312 W Columbia Ave, and 508 W Columbia Ave, all share the 61820 zip code and benefit from proximity to the vibrant downtown area. Currently boasting 100% occupancy for the 2023-2024 lease year, the portfolio demonstrates a strong rental history. While the 2024-2025 lease year shows 83% occupancy, active leasing efforts are underway to secure tenants for the remaining units. The asking price for this well-maintained portfolio is $1,180,000, translating to an attractive price per unit of $65,555.56. Significant renovations have been completed on several properties within the past two to seven years, ensuring the long-term value and appeal of this investment. This portfolio offers a compelling opportunity for investors seeking a stable, high-performing multifamily asset in a desirable location. The properties are meticulously maintained and benefit from their central Champaign location. This is a turnkey investment ready for immediate income generation. The portfolio's strong performance and prime location make it an ideal addition to any real estate portfolio.

    Property profile
    Verified
    Property type Small apartment buildings
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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