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
Description
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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