Listed by Berkshire Hathaway HomeServices Central Illinois Realtors
$1,125,000
2 Michael Street
Details
APN 3323214012
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Units 16
Cap Rate 7.33%
NOI $73,417
Year Built 1982
Stories 2
Zoning COMMR
Multifamily | 7.33% CAP | 16 Units
Marketing description
Excellent investment opportunity on Streator's desirable north side, conveniently located near popular dining, shopping, banking, recreational, and entertainment destinations. This well-maintained multifamily package features two solid brick buildings with 8 units each, offering a total of 16 units with a strong rental history and excellent reputation among tenants. The property includes spacious 1- and 2-bedroom units, each with large private storage rooms. Ownership has consistently maintained and updated the buildings throughout the years, making this a turnkey investment with long-term appeal. Additional amenities include four coin-operated laundry rooms (two washers and dryers per building), ample off-street parking, and attractive brick construction with strong curb appeal. A proven income-producing property with excellent tenant demand and upside potential.
Listing Contacts
Listed by Berkshire Hathaway HomeServices Central Illinois Realtors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$73,417.00
$6,118.08/mo
Valuation Metrics
0
DSCR
6.53%
Cap Rate
6.53%
ROI
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