420 Worthey St Flora, IL 62839
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 420 Worthey St
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a 32-unit multifamily property situated on approximately 1.5 acres in Flora, Illinois. The property comprises two buildings, both meticulously maintained and equipped with fire sprinkler and in-room call systems, ensuring both safety and convenience for residents. The North building, constructed in 2010, boasts 6784 square feet and features 16 individual units, each with a half-bath. Shared amenities include a common area, beauty shop, shower rooms, and a fully equipped kitchen and dining area, fostering a welcoming community atmosphere. The South building, renovated and expanded in 2008, offers an additional 16 units totaling 4480 square feet. This building also provides shared bathrooms and shower areas, a snack kitchen, dining area, family room, and a beauty shop. Both buildings offer spacious units with ample storage. The property's design and amenities create a comfortable and supportive living environment, ideal for a variety of resident needs. Abundant parking is available. The asking price of $325,000 represents a compelling value for this well-maintained, income-producing asset with significant potential. All existing furnishings and equipment are included in the sale. The property is located at 420 and 424 N. Worthey Street, Flora, IL 62839. This is a turnkey operation ready for immediate income generation.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Flora
- County
- Clay
- State
- Illinois
- Longitude
- -88.4980832
- Latitude
- 38.6706947
