315 N 1st St, Monmouth, IL 61462

This Monmouth 10 Unit Multifamily property presents investors with an opportunity to acquire an asset in the heart of Monmouth, IL. Within a mile of Monmouth College in this quaint college town, this property consists of ten one-bedroom one-bathroom apartments. There are property management companies in the greater area willing to service these properties at market rate. This property sits at 100% occupancy with below market average rents. Giving investors the ability to capture upside after strategic renovations through mark-to-market leasing.

Monmouth just finished redoing their town center with a large roundabout. You can find this portfolio located directly off the main drag of Broadway at 315 & 311 N 1st St. Nestled into a clean street with great sidewalks in the clean/well-kept area of town. 315 & 311 N 1st St has access to streetside and alleyway parking.

Located in a county with a population of over 16,000, only 22 minutes from larger Galesburg, IL and only one hour from Peoria, IL or Davenport, IA this community has access to both local and larger infrastructure making it a desirable place to live for many different kinds of people. With deferred maintenance to be done, this investment provides value through both location and upside for seasoned Value-Add Investors.