🚨PRICE DROP Urbana, IL | 78 Unit Apartment Complex

Champaign County, Urbana, IL, 61801
Sold
Listed at: January 24th, 2024
Price
$3,290,000
ARV
$6,100,000
Gross Margin
$2,810,000
Sq. Footage
10000
Type
Multifamily
Parking
Driveway
Year build
1980
Lot size
0 acres
Bedrooms
78
Bathrooms
78
Half Bathrooms
0
Summary

Please Call Jayson if you are interested: 614-940-9702

This is an off market multi family portfolio opportunity. Please reach out to me for more details in regards to the financials of the portfolio.

 

Building Addresses:

1301 & 1303 Mitchem Dr, Urbana, IL 61801

2004 & 2006 & 2008 & 2017 Vawter St, Urbana, IL 61801

 

Stabilized value: $6.1M

Capex: $975,000 $12.5/door

Proforma NOI: $440,658

 

PLEASE READ:

No wholesalers or daisy chains

Verbal offer & POF required to inspect

Cash offers only

Want to be one of the first notified of new deals we get? Click the blue SUBSCRIBE button on the right hand side of the property page!

 

 

❗ IMPORTANT ❗ The below terms are NON-NEGOTIABLE. Deventum Properties is a professional disposition company that will enforce the following conditions:

  • $5,000 non-refundable EMD
  • Buyer to pay all standard closing costs
  • Cash, hard money, or private money only
  • No JVing - This deal is NOT to be marketed elsewhere
  • Any agent commission is to be added ON TOP of asking price

 

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving Deventum Properties exclusive rights to purchase the property. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.

 
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Devan Carroll

No reviews

Disposition manager