Listed by Millennium Properties R/E
Unpriced
403-410 Delles
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 24,650
Units 20
Occupancy 100%
Tenancy Single
Pro-Forma NOI $553,000
Buildings 5
Stories 2
Lot Size (SqFt) 37,026
Zoning R-5 Wheaton
Parking Spaces 34 spaces
Parking per 1,000 SqFt 1.38
Investment Type Stabilized
Multifamily | 20 Units
Marketing description
In the heart of downtown Wheaton, a 20-unit multi-family building is available for sale. The fully leased 24,650 square foot two-story property is comprised of 20 three-bedroom, two-bath apartments. Each apartment has open, sunny spaces, hardwood floors and an assigned parking space. The property is situated amongst several top-rated Wheaton District schools and benefits from close proximity Roosevelt and Butterfield Roads, I-88 and the Wheaton MetraRail Station. Retailers in the area include Target, Marianos, Five and Hoek Coffee, Egg Harbor Cafe, Wheaton French Market, 7-Eleven along with several shops and dining selections
Investment highlights
- 24,650 SF total multifamily buildings
- Five, 2-story buildings with 20, three-bedroom, two-bath apartments
- Units have hardwood floors, sunlit open spaces, a/c and washer/dryer
- Each unit has private outside area with barbeque
- Pro forma net income: $553,000
- 100% occupied
- Well below market rents
- 34 assigned parking spaces
- Excellent location in downtown Wheaton
- Land Area: 37,026 SF
- Zoning: R-5 Wheaton
- Total taxes (2023): $54,064
Listing Contacts
Listed by Millennium Properties R/E
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