702 n. oak street for sale€¦ · 702 n oak west on w. locust, north on n. oak negotiable $132,500...
TRANSCRIPT
HEART OF AMERICA REALTORS®
Bloomington, Illinois
Phone 309-662-3370 Laura Pritts [email protected]
FOR MORE DETAILS CONTACT:
304 N. Hershey Road
Bloomington, Illinois 61704
CBCWorldwide.com Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks
licensed to Coldwell Banker Real Estate LLC. Each Office is Independently Owned and Operated.
702 N. Oak Street For SALE
PROPERTY OVERVIEW DETAILS
Units: 5 (five)
Unit Mix: 1 Bed, 1 Bath
Size: 3,000 total sq. ft. (estimated)
Price: $138,500 $132,500
Zoning: R-2 (Mixed Residence District)
Taxes: $2,263 for 2015
Tax ID #: 21-04-111-018
Utilities: Gas & Water/Sewer paid by Landlord Electric paid by Tenant
Tons of Updates—windows replaced,
front stoop replaced, Apt. #E
remodeled.
Great cash flow.
Off-street parking behind building.
Located near the original Carl’s Ice
Cream.
702 N. Oak StreetBloomington, Illinois
$132,500
Investment Property Proforma
Rental Income $2740 x 12 months $32,880
Vacancy (5%) ($1,644)
Gross Operating Income $31,236
Less: Operating Expenses (Estimated)
Water & Sewer $480
Gas $1,250
Maintenance $1,200
Landscaping and Grounds $960
Garbage $480
Electric $1,850
Miscelleneous/Painting/Cleaning $1,430
Insurance $1,116
Taxes $2,400
Management $1,854
TOTAL OPERATING EXPENSES ($13,020)
NET OPERATING INCOME $18,216
CAP RATE 13.7%
Apt. A $545 Monthy Rent (currently vacant)
Apt. B $550 Monthly Rent (through 1/31/18)
Apt. C $595 Monthly Rent (through 9/30/17)
Apt. D $550 Monthly Rent (through 4/30/18)
Apt. E $500 Monthly Rent (through 9/30/17)
PREPARED BY: Laura Pritts, Broker/REALTOR ®
DATE:
The statements and figures herein, while not guaranteed, are secured from sources we believe
authoritative. This analysis is for illustrative purposes only.
August 25, 2017
Rent Roll
THE REAL ESTATE GROUP
Laura PrittsMain: 309-824-0507
[email protected] Banker The Real Estate Group Commercial
MLS # Area:
Directions:Possession:
County:Location:
Grid #Type:
Status:
Parking:Style:
Total Units:Zip:
Co Agent:Office: Agent:Legal:
Acres:
Zoning:
High School:Jr High:
Yr Built:Grade School: Lot Size:
Lot SF:Tax Yr:RE Taxes:Tax ID:
Unit Breakdown:
Annual Income
Annual Expenses
Annual Summary
Lease Exp.
Remarks:
Seller Con:
Co-Op Agt:
Sale Price:Close Date:
Co-Op Ofc:
Pend Date:
How Sold:
Buyer:
Rent/MoBSGRFRNAPPUnits Rms BR BA Sq Ft
--------------------Sale Information--------------------
Gross Income:Other Income:Rental Income:
Less Vac. & Collections:
Net Income:Total Expenses:
Actual/Projected:Year Covered:
Terms:
Gross Annual Income:Less Vac. & Collections:
Advertising:Insurance:Management:RE Taxes:Maintenance/Repairs:Garbage Removal:Water:Gas:Electric:Other/Miscellaneous:Total Expenses:
Water:Sewer:
Gas Supplier: Gas Paid By:EL Supplier:
Electric Paid By:Heat:Fuel:
AC:
Basement: Basement Fin:
Fireplaces:
Personal Property:
Exterior:
Possession:
OTHER INFORMATION
Age:
Virtual Tour
Exterior Siding:
2170788702 N Oak
west on W. Locust, north on N. Oaknegotiable
$132,500
61701
Coldwell Banker The Real Estate Group Commercial Laura Pritts
83' x 156'
12,94821-04-111-018
2015$2,266.82
5
Y n1.01 no $5753 600Apt. AY N1.01 no $5503 600Apt. B
$26,820
8
$1,116
$2,263
$480$1,250$1,850
negotiable
Apt. DApt. E
Apt. C 333
11
1 1.01.01.0
YYY
NoNN N
NN $595
$550$500 600
600600
971920
03/31/201701/31/201809/30/201704/30/201709/30/2017
Tons of updates! Newer windows, some remodeled apartments, great cash flow! Sq. Ft. is estimated - Apt. E is a newly finished apartment inthe basement. Building age is estimated. Tenants pay electric. Landlord pays gas heat.
McLeanBloomington-Normal
Bloomington
R2
2-Story
Bloomington Jr. HighBloomington High
Horatio Bent
NoNo
Projected
NoNoNo
Conventional
PublicPublic
N I Gas Paid By OwnerIllinois Power
Paid By TenantForced AirNatural Gas
Window Unit(s), None
Partial, Other - See Remarks Partially Finished
None
Refrigerator, Oven, Range
Vinyl (All)
Copyright 2015 BNAR - Information Deemed Reliable but Not Guaranteed.
Bloomington
ACTIVE
5 to 8 Units
ACTIVE