This is a 24 unit building with 23 2bedrooms and 1 1bedroom apartment. Solid brick structure and sits on .6+ acres of land. There is an onsite laundry room with contracted washer/dryers and a large parking lot. Landlord pays water, garbage, and sewer. Tenants pay their own Ameren gas/electric (Heat) and wifi. Parking is included in rent. Get a premium on your cash flow from this building. Section 8 pays in the range of 830-850 per month for a 2bedroom apartment in Champaign county. 21 of these units have had remodel work including vinyl plank flooring in the living area and bedrooms and either tile or vinyl plank in the kitchen and bathrooms. New LED lighting and new ceiling fans in all bedrooms and every kitchen features either quartz or granite countertops. Large updates include roof replacement (half in 2015 and half in 2018). Building has a locked security room containing a professionally installed security camera system. This is priced to sell. At full occupancy this building could cash flow at 20,000 dollars a month, has the added advantage of tenants paying their own energy bill, and is all under one roof.

Courtesy Of: Beringer Realty

Directions

Head South on Philo road from Florida.

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