630 South St Danville, IL 61832

Property Details for 630 South St

Year built

1950

Property type

Commercial real estate

Description

This well-maintained five-unit brick building located at 630 South Street in Danville, Illinois presents a compelling investment opportunity. The property is currently fully occupied, generating a total monthly rental income of $2659. Many units have been recently updated with vinyl plank flooring and fresh paint, ensuring durability and long-term rental potential. Individual electric meters are installed for each unit, simplifying utility management and billing. This property is ideal for both seasoned and first-time investors seeking a stable and cash-flowing asset. The building's solid brick construction contributes to its longevity and low maintenance requirements. A 48-hour notice is required for showings, and keys must be picked up at RC Management prior to viewing. It's important to note that this property can be purchased as part of a larger portfolio that includes several other properties in the Danville area, offering potential for significant economies of scale and investment diversification. The addresses of the other properties included in the potential package are: 705 Seminary, 937 Hazel, 1101 Franklin, 401 Robinson, 111 Davis, 1214 Walnut, and 618 South Street, all located in Danville, IL. This presents a unique opportunity to acquire a substantial rental portfolio in a single transaction.

Location Insight

City

Danville

County

Vermilion

State

Illinois

Longitude

-87.619

Latitude

40.12246