Description
Downtown living is in high demand, making it a great investment opportunity to own all 4 residential condo units in the historic 135 E. Prairie building. All 4 units are rented and produce an impressive annual cash-flow return. Each unit offers unique features including cathedral ceilings and exposed brick walls. Historically extremely low vacancy rates. Utilities split and the owner is responsible for insurance, trash, and common area maintenance. Currently priced at 8% CAP rate. Future opportunities to convert to short term/corporate rentals and increase profitability exist in the market. Contact broker for all inquiries.
Location
Courtesy of: Main Place Real Estate Listing information provided courtesy of the Central Illinois Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 9th August, 2022 3:26 AM (UTC)
