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: 12/8/2017

Overview / Comments

2 Story with a basement, 11 / 2 bedroom units
Income $5150.00 /MO= $61,800.00
Expenses:
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

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

Contact

Photograph of Listing Agent

Sandra M Pastore

5 Points Realtors
ICEx Member
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