For Sale
$1,180,000

412 Church St Champaign, IL 61820

18-Unit Rental Portfolio, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a portfolio of four multifamily properties totaling eighteen units, strategically located in the heart of Champaign, Illinois. The properties, situated at 412 W Church St, 311 W Columbia Ave, 312 W Columbia Ave, and 508 W Columbia Ave, all share the 61820 zip code and benefit from proximity to the vibrant downtown area. Currently boasting 100% occupancy for the 2023-2024 lease year, the portfolio demonstrates a strong rental history. While the 2024-2025 lease year shows 83% occupancy, active leasing efforts are underway to secure tenants for the remaining units. The asking price for this well-maintained portfolio is $1,180,000, translating to an attractive price per unit of $65,555.56. Significant renovations have been completed on several properties within the past two to seven years, ensuring the long-term value and appeal of this investment. This portfolio offers a compelling opportunity for investors seeking a stable, high-performing multifamily asset in a desirable location. The properties are meticulously maintained and benefit from their central Champaign location. This is a turnkey investment ready for immediate income generation. The portfolio's strong performance and prime location make it an ideal addition to any real estate portfolio.

Highlights

  • $1,180,000 asking price for an 18-unit multifamily portfolio.
  • Located in central Champaign, Illinois, close to downtown.
  • Currently 100% occupied, with nearly full occupancy projected for the next lease term.
  • Multiple properties have undergone recent renovations.

Property Details for 412 Church St

Property type
Small apartment buildings
Units
18

Location Insight

City
Champaign
County
Champaign
State
Illinois
Latitude
40.118485
Longitude
-88.2498753

FAQs

What type of property is this?
Small apartment building - 18-Unit Rental Portfolio, High Occupancy
Where is the small apartment building located?
The property is located at 412 Church St Champaign, IL.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: $1,180,000 asking price for an 18-unit multifamily portfolio.; Located in central Champaign, Illinois, close to downtown.; Currently 100% occupied, with nearly full occupancy projected for the next lease term.
How can I contact the broker?
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412 Church St
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