For Sale
$325,000

420 Worthey St Flora, IL 62839

32-Unit Apartment Complex, $325K

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 32-unit multifamily property situated on approximately 1.5 acres in Flora, Illinois. The property comprises two buildings, both meticulously maintained and equipped with fire sprinkler and in-room call systems, ensuring both safety and convenience for residents. The North building, constructed in 2010, boasts 6784 square feet and features 16 individual units, each with a half-bath. Shared amenities include a common area, beauty shop, shower rooms, and a fully equipped kitchen and dining area, fostering a welcoming community atmosphere. The South building, renovated and expanded in 2008, offers an additional 16 units totaling 4480 square feet. This building also provides shared bathrooms and shower areas, a snack kitchen, dining area, family room, and a beauty shop. Both buildings offer spacious units with ample storage. The property's design and amenities create a comfortable and supportive living environment, ideal for a variety of resident needs. Abundant parking is available. The asking price of $325,000 represents a compelling value for this well-maintained, income-producing asset with significant potential. All existing furnishings and equipment are included in the sale. The property is located at 420 and 424 N. Worthey Street, Flora, IL 62839. This is a turnkey operation ready for immediate income generation.

Highlights

  • 32-unit multifamily property on ~1.5 acres in Flora, IL.
  • Two buildings totaling ~11,264 square feet.
  • North building (2010 construction): 16 units, 6,784 sq ft, half-baths in each unit.
  • South building (renovated/expanded 2008): 16 units, 4,480 sq ft.
  • Shared amenities include common areas, beauty shops, kitchens, dining areas, and ample parking.
  • $325,000 asking price, turnkey operation, all furnishings included.

Property Details for 420 Worthey St

Property type
Land, Apartment buildings
Units
32

Location Insight

City
Flora
County
Clay
State
Illinois
Latitude
38.6706947
Longitude
-88.4980832

FAQs

What type of property is this?
Land - 32-Unit Apartment Complex, $325K
Where is the land located?
The property is located at 420 Worthey St Flora, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 32-unit multifamily property on ~1.5 acres in Flora, IL.; Two buildings totaling ~11,264 square feet.; North building (2010 construction): 16 units, 6,784 sq ft, half-baths in each unit.
How can I contact the broker?
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420 Worthey St
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