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Buildings By Owner | Buy, Sell & Lease Commercial Real Estate. Privately.
Home For Sale Illinois Urbana 6225
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Apartment Building For Sale By Owner

25 bedroom Mansion on University of Illinois Campus

606 W.Ohio, Urbana, Illinois 61801 United States

This three story, 25 bedroom, 6 bath house boasts 10,000 square feet of refurbished living space in a beautiful home in the heart of Urbana�s campus town. Newly remodeled. Modern furnishings including flat screen televisions, commercial kitchen and large cafeteria. Lots of additional space for study hall, game room, etc.

Currently leased for 2 years at $10,000/mo. for 2020-21 and $10,600 for 2021-22. Tenants pay all major utilities. ROI=+$70K

Great investment property for rehab to 1-2 bedroom units.

Financial: 2018

Gross Income: $105,600

Operating Expenses: $44,446

Net Operating Income: $61,154

Price: $825,000
Property Sub-Type: Apartment Building
Cap Rate: 7.5 %
Cap Rate: 10 %
Gross Rent Multplier: 7.27
Total Building Size: 10000 SF
Year Built : 1926
No of Stories: 3
No of Parking Stalls: 11
Occupancy: 100 %
Listing ID: 6225

Map of: 606 W.Ohio, Urbana, Illinois 61801 United States

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