3560 River Rd Riverton, IL 62561

This exceptional Class A multifamily investment opportunity, Maple Townhomes & Condominiums, is located at 3560 River Rd, Riverton, IL 62561. The property consists of a two-story apartment building with 34 units, offering a diverse range of floor plans to attract a wide tenant base. Currently boasting a 90% occupancy rate, this property generates strong rental income. Built on a substantial 59,899 square foot lot, it includes ample parking with 50 spaces. The property underwent renovations in 2020, ensuring modern amenities and attractive living spaces for tenants. The asking price is $3,300,000, representing a compelling price per unit of $97,058.82 and a 7.00% cap rate. This presents a solid return on investment for both seasoned and new investors seeking to capitalize on the Riverton rental market. The property is owned by an LLC and is strategically situated in Riverton, Illinois, offering convenient access to local amenities. This turnkey investment opportunity provides a stable cash flow and significant potential for future growth. The property's strong occupancy and recent renovations make it an attractive option for investors looking for a low-risk, high-reward investment. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location.