517 E MONROE Street
Great Low Price Point Oppurtunity - Value Add
Marketing description
Marcus & Millichap is pleased to present the unique
multifamily and RV park investment opportunity located at
517 E Monroe Street in Metamora, Illinois. The property
consists of three apartment buildings paired with an adjacent
lot currently utilized as an RV park, creating a diversified
income-producing asset with multiple revenue streams. The
RV park is designed to accommodate up to 40 recreational
vehicles. The park generates annual rent of $480 per RV,
providing investors with an additional source of recurring
income alongside the apartment rental revenue. Current
ownership has made meaningful capital improvements to the
property, including substantial plumbing upgrades within one
of the apartment buildings. These investments help reduce
future maintenance requirements, improve the overall
condition of the asset, and position the property for continued
stable operations. The combination of completed capital
improvements and a diversified income stream make this an
attractive investment for buyers seeking dependable cash flow
with the potential for long-term value appreciation.
Investment highlights
- Diversified Investment Featuring Three Apartment Buildings and an Adjacent RV Park
- RV Park Accommodates Up to 40 Sites, Providing an Additional Recurring Income Stream
- Recent Capital Improvements Including Significant Plumbing Upgrades
- Multiple Revenue Streams Supporting Stable Cash Flow and Future Appreciation
Listing Contacts
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