Listed by CBRE - Des Moines, CBRE - Chicago
$2,700,000
Woodland Grove Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 42,000
Units 48
Price per SqFt $64
Year Built 1966
Buildings 4
Stories 2
Investment Type Value Add
Multifamily | 48 Units | Rock Island, IL
Marketing description
CBRE is pleased to offer the opportunity to acquire Woodland Grove Apartments, a 48-unit apartment community in Rock Island, Illinois. Rock Island is part of the Quad Cities MSA of over 400,000 people. Rock Island is home to Rock Island Arsenal, a large military installation and the city’s largest employer with 6,300 employees just two miles north of the property. Augustana College is also located in Rock Island with enrollment of approximately 2,500 students, less than one mile from the property.
Address: 1103 25th Street, Rock Island, Illinois 61201
List Price: $2,700,000
Cap Rate: 8.97%
Year Built: 1966
Number of Units: 48
Unit Mix: 8-Studio; 24-1BR/1BA; 8-2BR/1BA; 8-2BR/2BA
Avg. Unit Size: 717 SF
Avg. In Place Rent: $760
Investment highlights
Click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=CCkq1EZQI8qn9yc_xdrSOmpKPNBPMzeN785bactN6FZj_TaGTAJZSZTXLWQ7Zhwp
Listing Contacts
Listed by CBRE - Des Moines, CBRE - Chicago
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