Listed by Ramshaw Real Estate, Inc.
$1,750,000
402 S Race
Details
Property Type Multifamily
Sub Type Apartment Building, Student Housing
Units 15
Beds 15
Cap Rate 2.33%
NOI $40,773
Occupancy 93%
Pro-Forma Cap Rate 5.67%
Pro-Forma NOI $99,194
Multifamily | 15 Units | $116,667/unit
Marketing description
For sale is a 15-unit multifamily investment opportunity in a prime location in downtown Urbana. The building consists of ten 1-bedroom units and five studios. Only one studio unit remains vacant while the rest are leased through the end of July 2026. Laundry and parking is available onsite.
Investment highlights
15 Unit Multifamily Investment Property
All 1 Bedroom and Studio Units
Prime Location in Downtown Urbana
Strong Rental History
Listing Contacts
Listed by Ramshaw Real Estate, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,773.00
$3,397.75/mo
Valuation Metrics
0
DSCR
2.33%
Cap Rate
2.33%
ROI
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