Arthur Ave Apartments

Multi-Family for Sale
Catylist Listing ID: 30044585
Number of Units: 11 Units
Building Size (RSF): 10,628 SF
Gross Land Area: 0.41 Acres
Sale Price: $269,400
Unit Price: $24,490.91 Per Unit
Property Use Type: Investment
Building Name: Arthur Ave Apartment Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 90
Last Updated: 10/8/2018

Overview / Comments

2 Story with a basement, Owner pays heat, boiler.. 11 / 2 bedroom units
Income $5400.00 /MO= $64,800.00
Water & Sewer $ 750.00
Garbage $ 568.00
Insurance $1,938.00
Taxes $8,978.56
Gas $2,146.00
Electric $ 638.29
Total $14,267.77
NOI $47.562.23

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: Winnebago county
Tax ID/APN: 11-15-331-017
Zoning: R1
Percent Occupied: 90%
Property Located Between: Auburn and Avon
Site Description: 0.41 Acres, near shopping located off Auburn St
Area Description: Immediate area is just off Auburn St, which is a commercial street with restaurants and service businesses.
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 2
Year Built: 1967
Roof Type: Flat
Construction/Siding: Brick, Stone
Exterior Description: Brick
Parking Type: Surface
Parking Description: Large parking lot adjoining property
Total Parking Spaces: 11
Sprinklers: None
Heat Type: Natural Gas, Steam
Heat Source: Central
Fuel: Gas
Interior Description: Units are in average condition. Units have been remodeled on an as needed basis. Owner has maintained the property. Common hallway, front and back exits.
Zoning Description: Comm Res (6+units)-Imp (0051)
Lot Frontage: 148.7
Lot Depth: 110.0
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned
Legal Description: EXC E33FT + S33FT TO STS A LL S193FT N694.98FT E143FT SW1/4 SEC SEC: 15 TWP: 04 4 RANGE: 001 ACRES: 0.40

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,049 94,275 172,544
Median Age: 30.44 34.8 36.68
Households: 6,959 36,483 67,640


Photograph of Listing Agent

Sandra M Pastore

5 Points Realtors
ICEx Member
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Northern Illinois Commercial Association of Realtors (NICAR) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.