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1111 Grooms Street

Pawnee, IL 62558
  • $1,100,000
  • STATUS: Active
  • ON SITE: 237 Days
  • ID#: CA1025533
UPDATED: 87 min ago
$1,100,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Information

High School:

Description

Fantastic investment opportunity awaits with this 16 plex multi family property. Consisting of 2 buildings, 8 units in each building, each unit features 2 bed 1 bath. This high cash flowing property has been overhauled in the last few years inside and out. All but 2 units has been remodeled with updated flooring, kitchen, bathroom and paint. Each building features a coin operated washer and dryer (Speed Queen new in 2020) for additional income. Since 2022 the exterior has been completely overhauled with new asphalt parking lot, various landscaping projects and a new common area for tenants to enjoy. Brand new roofs and sheeting on both buildings in September 2023 as well as new vapor barrier in the crawl spaces in October 2023 as well. Common areas and exteriors have been pre inspected.

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© 2024 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kathy Garst Sales Team | The Real Estate Group. Data last updated: 2024-06-14T15:45:18.217.
www.kathygarst.com/homes/144570086
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1111 Grooms Street Pawnee, IL 62558

  • Price: $1,100,000
  • Status: Active
  • On Site: 237 Days
  • Updated: 87 min ago
  • ID#: CA1025533
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
None
County:
Sangamon
Area:
Divernon, Glenarm, Pawnee, Etc
High School:
Pawnee District #11
Property Description
Fantastic investment opportunity awaits with this 16 plex multi family property. Consisting of 2 buildings, 8 units in each building, each unit features 2 bed 1 bath. This high cash flowing property has been overhauled in the last few years inside and out. All but 2 units has been remodeled with updated flooring, kitchen, bathroom and paint. Each building features a coin operated washer and dryer (Speed Queen new in 2020) for additional income. Since 2022 the exterior has been completely overhauled with new asphalt parking lot, various landscaping projects and a new common area for tenants to enjoy. Brand new roofs and sheeting on both buildings in September 2023 as well as new vapor barrier in the crawl spaces in October 2023 as well. Common areas and exteriors have been pre inspected.
Exterior Features

Construction Materials BrickVinyl Siding Parking Features Other Parking Total 16 Road Surface Type Paved Roof Shingle

Interior Features

Basement Crawl Space Building Area Total 15200 Heating ElectricForced AirCentral Air Laundry Features Common AreaOwned Equipment Number Of Central Air Units 16 Number Of Dishwashers 0 Number Of Dryers 2 Number Of Electric Meters 18 Number Of Gas Meters 0 Number Of Heating Units 16 Number Of Ranges 16 Number Of Washers 2 Number Of Water Heaters 16 Numberof Refrigerators 16

Property Features

100 Year Plain No Agent Owned No Development Status Completed Disclosed Short Sale N Financing Cash OnlyConventional Gross Income 131436 Gross Scheduled Income 126000 Insurance Expense 7269 Lease Term Variable Lot Features Level Lot Size Dimensions 114 X 232.2 Manager On Site YN No Net Operating Income 101682 New Construction YN No Number Of Water Meters 2 Number Of Window Units 0 Operating Expense 18682 Repossessed No Structure Type Two or More StoryApartment Building Tax Annual Amount 11072.46 Tax Legal Description E 232.2' N 122' SW 1/4 NW 1/4 LYING W OF RD (EX RD ROW DEDICATED BY DOC #1999R23758) 7-13-4 Tax Year 2022 Tenant Pays Electricity Trash Expense 2317 Type Residential Income Water Source Public SewerPublic

Listing provided courtesy of Dominic Campo of Campo Realty, Inc.: Office: 217-625-4663.
© 2024 RMLS Alliance, LLC. All Rights Reserved.


© 2024 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kathy Garst Sales Team | The Real Estate Group. Data last updated: 2024-06-14T15:45:18.217.
 
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Kathy Garst Sales Team | The Real Estate Group
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