3307 Boulder Ridge DrChampaign, IL 61822

Property Details for 3307 Boulder Ridge Dr

Year built

2021

Property size (Sq ft)

12,000 SF

Property type

Residential income homes

Description

This exceptional eight-unit multifamily investment opportunity in Champaign, IL, presents a compelling value-add proposition. Comprising four, two-story buildings totaling 12,000 square feet, this portfolio boasts 100% occupancy and generates a substantial annual rental income of $183,600. Built in 2021, the property features modern amenities including solar panels (fully paid for) and EV hookups in each garage, resulting in significantly reduced electricity bills. Individual units range from $1800 to $1900 per month, with market comparables suggesting potential for rent increases. Tenants are responsible for all utilities, and the annual HOA fee is a modest $125 per unit. Half of the units offer picturesque water views, enhancing their desirability. The convenient location near the University of Illinois and Parkland College ensures strong rental demand. The property is essentially maintenance-free, with no immediate capital improvements needed. A nearby community common area and subdivision park provide added recreational amenities. Leases are available for review. This portfolio represents a turnkey investment with significant upside potential, ideal for an investor seeking immediate cash flow and long-term appreciation. The seller is motivated to sell their entire portfolio of 14 units in this subdivision and is open to creating customized packages. Inquire about additional duplexes available for purchase.

Location Insight

City

Champaign

County

Champaign

State

Illinois

Latitude

40.1338

Longitude

-88.301

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