$280,000
$300,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
840 SqFt
SOLD DATE : 10/29/2024
Key Details
Sold Price $280,000
Property Type Single Family Home
Sub Type Detached Single
Listing Status Sold
Purchase Type For Sale
Square Footage 840 sqft
Price per Sqft $333
MLS Listing ID 11862177
Sold Date 10/29/24
Style Ranch
Bedrooms 2
Full Baths 1
Year Built 1929
Annual Tax Amount $1,153
Tax Year 2021
Lot Size 0.280 Acres
Property Description
This is a package deal of 9 rental properties and seller prefers to sell as a package. Various locations throughout Decatur. 7 of the 9 houses are currently leased. ~$74k in annual gross income and ~$48k in net income when all 9 are rented assuming 5% vacancy. This represents an ~16% cap rate. If financed at 80% LTV the annual cashflow would be about $28k representing a ~45% cash on cash return and an ROI of ~43%. Please contact your real estate agent for a list of addresses and the assumptions behind the financials listed above.
Location
State IL
County Macon
Zoning SINGL
Rooms
Basement Full
Interior
Interior Features First Floor Bedroom
Heating Natural Gas, Forced Air
Cooling Central Air
Fireplace Y
Appliance Refrigerator
Exterior
Exterior Feature Patio
Garage Detached
Garage Spaces 2.0
Waterfront false
View Y/N true
Roof Type Asphalt
Building
Story 1 Story
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 61, 61, 61
Others
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Tony Piraino • Brinkoetter REALTORS®
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "