For Sale
$9,999,999

201 8Th St Quincy, IL 62301

34 Units, Class A, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 34-unit Class A apartment building, completed in 2024, presents a compelling investment opportunity. Located at 201 S 8th St, Quincy, IL, this property boasts 62,459 square feet across three, two-story buildings on a 2-acre lot (APN: 23-7-0294-000-00). Each of the 34 townhomes offers 1,864 square feet of living space, including two bedrooms (one master suite), two and a half bathrooms, a dedicated laundry room, a home office, and an open living/dining area. Residents enjoy premium amenities such as a 24-hour private security service, a private courtyard, and an exclusive fitness center. Each unit includes a one-car garage and an additional driveway parking space. The property's strong financial performance is reflected in its $9,999,999 asking price ($160.11/sq ft, $294,117.62/unit), and a pro-forma NOI of $573,187. The property is zoned D2 and is situated in Quincy's Historic Brewery District. This development received a $926,850 investment from the local government. This turnkey investment offers a blend of historical charm and modern luxury in a high-demand location. The property is owned by an LLC.

Highlights

  • $9,999,999 asking price for a Class A, 34-unit apartment building.
  • 62,459 square feet, built in 2024, with three buildings and two stories.
  • $160.11 price per square foot and $294,117.62 price per unit.
  • $573,187 pro-forma NOI.
  • Located at 201 S 8th St, Quincy, IL 62301, on a 2-acre lot (APN: 23-7-0294-000-00).

Property Details for 201 8Th St

Property type
Apartment buildings
Square Feet
62,459 SF
Class
A
Year Built
2024
Buildings
3
Stories
2
Lot Size (sq. ft)
87,120 SF
Units
34

Location Insight

City
Quincy
County
Adams
State
Illinois
Latitude
39.93058616932
Longitude
-91.403319464182

FAQs

What type of property is this?
Apartment building - 34 Units, Class A, High NOI
Where is the apartment building located?
The property is located at 201 8Th St Quincy, IL.
What is the asking price?
The asking price for this property is $9,999,999.
What are key features of this property?
This property features: $9,999,999 asking price for a Class A, 34-unit apartment building.; 62,459 square feet, built in 2024, with three buildings and two stories.; $160.11 price per square foot and $294,117.62 price per unit.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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201 8Th St
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