investment sale - loopnet...540 w main st –decatur, il 9 unit –garden apartments chris harrison...

www.MainPlace.us/commercial

Investment Sale9 Unit – Garden Apartments

Chris HarrisonReal Estate Broker

217-422-3335Chris@101southmain.com

Zane PetersonReal Estate Broker

217-422-3335Zane@101southmain.com

540 W. Main Street – Decatur, IL 62522

• 9 unit apartment building (five 2 bdrms / four 1 bdrm)• All brick and steel construction, built in 1961• Total square feet: 8,760• All units renovated: flooring, appliances, fresh-paint• All units separate electric metered • Rent roll and financials available upon request

www.MainPlace.us/commercial

540 W Main St – Decatur, IL9 Unit – Garden Apartments

Chris HarrisonReal Estate Broker

217-422-3335Chris@101southmain.com

Zane PetersonReal Estate Broker

217-422-3335Zane@101southmain.com

Financial Proforma Snapshot

Rent Roll

monthly annual

Unit #1 (2br/1ba 1,800 sf) $ 765 $ 9,180

Unit #2 (1br/1ba 725 sf) $ 525 $ 6,300

Unit #3 (2br/1ba 850 sf) $ 550 $ 6,600

Unit #4 (2br/1ba 975 sf) $ 665 $ 7,980

Unit #5 (1br/1ba 725 sf) $ 470 $ 5,640

Unit #6 (1br/1ba 725 sf) $ 540 $ 6,480

Unit #7 (2br/1ba 900 sf) $ 640 $ 7,680

Unit #8 (2br/1ba 975 sf) $ 625 $ 7,500

Unit #9 (1br/1ba 725sf) $ 475 $ 5,700

TOTAL $ 5,255 $ 63,060

Sales Price: $375,000

Annual Rent: $63,060 Vacancy 10%: $6,306

Gross Operating Income: $56,754

Total Expenses: $22,419 39.5%

Net Operating Income: $34,335 60.5%

Capitalization Rate: 9.16%

www.MainPlace.us/commercial

540 W Main St – Decatur, IL9 Unit – Garden Apartments

Chris HarrisonReal Estate Broker

217-422-3335Chris@101southmain.com

Zane PetersonReal Estate Broker

217-422-3335Zane@101southmain.com

Capital improvements in past three years

High Efficiency Boiler $28407

HVAC $5468

Appliances $9638Flooring $3800Fence / Gates $1822

LED Light Fixture $800Security Cameras $500Water Heater $9700

$ 60,135

www.MainPlace.us/commercial

Investment Sale9 Unit – Garden Apartments

Chris HarrisonReal Estate Broker

217-422-3335Chris@101southmain.com

Zane PetersonReal Estate Broker

217-422-3335Zane@101southmain.com

Pictures of remodeled unit

www.MainPlace.us/commercial

Investment Sale9 Unit – Garden Apartments

Chris HarrisonReal Estate Broker

217-422-3335Chris@101southmain.com

Zane PetersonReal Estate Broker

217-422-3335Zane@101southmain.com

Demographic Snapshot – 1 mile radius

www.MainPlace.us/commercial

Investment Sale9 Unit – Garden Apartments

Chris HarrisonReal Estate Broker

217-422-3335Chris@101southmain.com

Zane PetersonReal Estate Broker

217-422-3335Zane@101southmain.com

540 W Main St – Aerial View

Contact brokers for details!