504 E Green Street

    Urbana, IL 61802
    • $1,395,000
    • STATUS: Active
    • ON SITE: 75 days
    • MLS #: 10408892
    UPDATED: 29 min ago
    $1,395,000
    • 0
      BEDS
    • 0.81
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1985
    County:
    Area:

    School Ratings & Info

    Description

    Investment package consisting of 20 highly desirable 1 bedroom apartments and 2 single family homes (zoned R-5 Medium-High Density Multi-Family). There is substantial value-add potential to this investment package as the 2 single family homes are contiguous to each other and across the alleyway from the existing 20 units. The two apartment buildings each consist of 4800 square feet and house 10 units each located at 504 and 506 E Green Street in Urbana. These apartments easily stay rented due to their close proximity to the University of Illinois (nearly 50,000 students), shopping, entertainment, dining, banking, parks, civic groups, places of worship, and a vast number of surrounding employers. The properties are currently being professionally managed by a local management firm. Property taxes reflect a combination of all four parcels and financials are available upon request.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Baz Realty Network | Keller Williams Elite. Based on information submitted to the MRED as of 2019-08-22T17:52:40.697 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.bazrealtynetwork.com/homes/95679468

    504 E Green Street Urbana, IL 61802

    • Price: $1,395,000
    • Status: Active
    • Updated: 29 min ago
    • MLS #: 10408892
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.81
    Acres
    1985
    Built
    Neighborhood:
    Urbana
    County:
    Champaign
    Area:
    Urbana
    Property Description
    Investment package consisting of 20 highly desirable 1 bedroom apartments and 2 single family homes (zoned R-5 Medium-High Density Multi-Family). There is substantial value-add potential to this investment package as the 2 single family homes are contiguous to each other and across the alleyway from the existing 20 units. The two apartment buildings each consist of 4800 square feet and house 10 units each located at 504 and 506 E Green Street in Urbana. These apartments easily stay rented due to their close proximity to the University of Illinois (nearly 50,000 students), shopping, entertainment, dining, banking, parks, civic groups, places of worship, and a vast number of surrounding employers. The properties are currently being professionally managed by a local management firm. Property taxes reflect a combination of all four parcels and financials are available upon request.
    Exterior Features

    Construction BrickWood Frame Foundation BlockConcrete Lot Dimensions 138X132 & 138X125 Number Of Parking Spaces 20

    Interior Features

    Air Conditioning Window Unit/S Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 1 Number Of Bedrooms Unit2 3 Number Of Bedrooms Unit3 4 Number Of Bedrooms Unit4 0 Number Of Dishwashers 20 Number Of Disposals 0 Number Of Dryers 18 Number Of Fireplaces 0 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Full Bathrooms Type3 2 Number Of Ranges 22 Number Of Refrigs 22 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 5 Number Of Rooms Unit2 7 Number Of Rooms Unit3 8 Number Of Rooms Unit7 0 Number Of Stories 2 Number Of Units Apt Type1 20 Number Of Units Apt Type2 1 Number Of Units Apt Type3 1 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Number Of Washers 18 Repairs Decor Expense 16470

    Property Features

    Age 26-35 Years Built Before1978 YN No Current Use Residential-Multi-Family Electric Expense Source Actual Electricity Expense 2007 Expense Year 2018 Exterior Building Type Vinyl SidingBrickFrame Fuel Expense 0 Fuel Expense Source Actual Gross Rental Income Amount 164700 Heat Ventilation Electric Insurance Expense 5700 Insurance Expense Source Actual Janitor Expense 0 Janitor Expense Source Actual Monthly Income Max1 615 Monthly Income Max2 920 Monthly Income Max3 1025 Net Oper Income Amount 99491 Net Operating Income Year 2018 Number Of Window Ac 22 Other Expenses 0 Possession Closing Tax Year 2017 Taxes 28863 Tenant Pays Air ConditioningElectricHeatWater/Sewer Total Annual Exp 61092 Total Annual Expense Source Combination Total Annual Income 160583 Total Monthly Income 13725 Type Multi Family Corridor-Exterior Entrance Washer Dryer Lsd YN No Water Expense 3432 Water Expense Source Actual Zoning Type Multi

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Re/Max Choice.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Baz Realty Network | Keller Williams Elite. Based on information submitted to the MRED as of 2019-08-22T17:52:40.697 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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