reduced sale price: $700,000 -...

3
Information herein is not warranted and subject to change without notice. We assume no liability on items included in quoted price. Broker makes no representation as to the environmental condition of the offered property and recommends Purchaser's/Lessee's independent investigation. 1173 Fortune Blvd. Shiloh, IL 62269 Office (618) 277-4400 Fax (618) 277-4407 www.barbermurphy.com 45 Unit Student Housing Building available for Sale 43 (312 SF) Studio Units; 2 (624 SF) One Bedroom Units Located within walking distance to SIUC Competitive rent structure 7.49% CAP Rate / 7.44 GRM 65% - 70% Occupancy Mike Pierceall C: 618.791.8396 [email protected] Reduced Sale Price: $700,000 $15,555 per Unit

Upload: lydat

Post on 20-Mar-2018

216 views

Category:

Documents


2 download

TRANSCRIPT

Information herein is not warranted and subject to change without notice. We assume no liability on items included in quoted price. Broker makes no representation as to the environmental condition of the offered property and recommends Purchaser's/Lessee's independent investigation.

1173 Fortune Blvd.

Shiloh, IL 62269

Office (618) 277-4400

Fax (618) 277-4407

www.barbermurphy.com

45 Unit Student Housing Building available for Sale

43 (312 SF) Studio Units; 2 (624 SF) One Bedroom Units

Located within walking distance to SIUC

Competitive rent structure

7.49% CAP Rate / 7.44 GRM

65% - 70% Occupancy

Mike Pierceall C: 618.791.8396 [email protected]

Reduced Sale Price: $700,000

$15,555 per Unit

504 South Rawlings StreetCarbondale, Il 62901

RENT ROLL

43 Studio Units $365 - $385

2 One Bedroom Units $450

On Site Laundry

Listing No: 1619

Multifamily

504 South Rawlings StreetCarbondale, IL 62901

SALE INFORMATION:For Sale: Yes

Sale Price: $700,000

Sale Price/SF: $36.46

CAP Rate: 7.49%

GRM: 7.44

NOI: $52,403

Total Units: 45

PROPERTY INFORMATION:Parcel No: 15-21-308-013/014

County: Jackson

Zoning: R-3

Zoning By: Carbondale

Complex: Ambassador Studio Apartments

Acres: 0.47

Property Tax: $26,037.00

Tax Year: 2017

STRUCTURAL DATA: FACILITY INFORMATION INCOMEYear Built: 1964 Elevator: No Gross Rental Income $146,445.00

Rehab Year: 1996 Heating: Yes Gross Other Income

Floors: 3 Cooling Yes Total Income $146,445.00

Roof: Asphalt Shingles Parking: 50 Spaces

Exterior: Masonary Frame Surface Type: Paved EXPENSES:Property Taxes $26,037.00

Property Amenities Comments Insurance

Unit AmenitiesOn Site LaundryOn Site Parking

Two Story, 45 Unit Student Housing Apartment Complex. Located within 2blocks of Southern Illinois University at Carbondale. 43 studio (312 SF) and 2one-bedroom (624 SF) units. Laundry and maintenance area on lower(basement) level.

CAM

Utilities

Property Management

Total Expenses $94,042

Listing Broker(s) NOI $52,403.00

Mike Pierceall Office: (618) 277-4400

[email protected]: (618) 791-8396

The information above has been obtained from sources believed reliable, however no warranty or representation expressed or implied is made as to the accuracy of the information contained herein. In same is submitted subject to errors, omissions, change of price, retail or otherconditions including withdrawal without notice. It is your responsibility to independently confirm accuracy.