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20830219
20830218

528 Curry Ln, Illiopolis, IL 62539 For Sale

NEW HEARTLAND VENTURES, LTD
Listed by NEW HEARTLAND VENTURES, LTD
$289,000
604 days on market
Updated 112 days ago

Illinois Solar Duplex

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,728
Units 2
Cap Rate 8.37%
Occupancy 100%
Tenancy Multi
Lease Type Gross
Remaining Term 1
Price per SqFt $167
Class A
Year Built 2023
Parking Spaces 4 spaces
Parking per 1,000 SqFt 2.31

Multifamily - 8.37% CAP - 2 Units

Marketing description

Property address--528 curry lane, illiopolis, il 62539 (very convenient location in center of il and nearby to Springfield (state capital and medical center; Decatur, IL--manufacturing center --adm and caterpillar; and Bloomington--state farm and country financial hq and rivian ev) 2 unit--each unit with 2 br /1 ba--each unit has dishwasher/range/refrigerator/washer/dryer--1,728 sq ft total --4 parking spaces included onsite each unit is fully electric--built ne in 2023--excellent energy efficiency--includes mini-split heat pumps--built on Styrofoam block crawl space There are more than $50,000 of tax credits, bonus depreciation (for 35% tax bracket) and state rebate for green energy Gross income for 2025=$26,400 rent of $1,100 for each unit includes free electric from solar property is subject to a 10 year tax increment financing rebate of 75% of taxes--so tax levy for 9 years will be approximately $1,000/yr operating expenses are $600 for water/sewer and $600 for trash pickup NOI for 2025 is projected to be $24,200 cap rate is 8.37%. Land area is approximately 1/5 acre--very convenient location for commuting--interstate 72 entrance is about 1/3 mile

Listing Contacts

NEW HEARTLAND VENTURES, LTD
Listed by NEW HEARTLAND VENTURES, LTD

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