12 One Bedroom/One Bath units for $409,000 less than 1 mile away from Illinois State University Campus. This is an all brick exterior building ranch style with two common areas for coin laundry and boiler access. ADDRESS: 200 W Shelbourne Dr, Normal, IL Financial Information: - 11% CAP RATE at the $409,000 Ask Price Calculated on Actual Performance Figures - When fully leased the building generates $6,400 in rent. Average of $533 per unit per month. $76,800 per year income. - Two units recently recently went vacant which both held long term tenants. One of the two units is marketed for rent and has been refinished with new vinyl flooring and paint. - Tenants pay electric and owner pays water and boiler heat. New owner can install baseboard heating to eliminate heating costs if desired. - Taxes: $11,328.02 per year Property features: - Coin laundry - Separately metered electric - Some units have been updated with new paint and flooring since last acquisition - On-site parking - Year Built: 1971 CONTACT: Please contact me if you are interested in the property. Showings will be coordinators for serious buyers only. Thank you!
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