Listed by Ramshaw Real Estate, Inc.
$1,350,000
705 W Main
Details
Property Type Multifamily
Sub Type Apartment Building, Student Housing
Units 12
Beds 19
Occupancy 100%
Pro-Forma Cap Rate 5.95%
Pro-Forma NOI $80,388
Acreage 0.1 - 1
12 Unit Multifamily Investment in Urbana
Marketing description
Presenting a prime opportunity for Multifamily investors! This building includes 12 units, offering a diverse mix of rental options, including one 4-bedroom unit, one 3-bedroom unit, two 2-bedroom units, three 1-bedroom units, and five studios totaling 19 bedrooms. The property is leased by the bedroom and is fully leased through August 2026. With its varied unit sizes and configurations, this property provides a versatile and promising investment prospect. The strategic location in Urbana ensures the potential for steady rental income and a diversified portfolio.
Investment highlights
12 Unit Multifamily Investment Opportunity
19 Bedrooms Leased By the Bedroom
Fully Leased Through August 202
Listing Contacts
Listed by Ramshaw Real Estate, Inc.
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Zoning
R2 ResidentialSingle FamilySingle Family Residential
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View all 220 uses Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics
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