1813 Locust Street, STERLING IL 61081 Photo 1 1813 Locust Street, STERLING IL 61081 Photo 2 1813 Locust Street, STERLING IL 61081 Photo 3 1813 Locust Street, STERLING IL 61081 Photo 4
Listing Courtesy of Rvg Commercial Real Estate

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1813 Locust Street - 7.5% Cap Rate! Fully Occupied, a Great Investment Opportunity! Close to downtown, close to many area amenities, lots of parking! Co-listed with Re-Max Sauk Valley. This property contains 2 efficiencies, 6 one bedroom, and 2 two bedroom apartments (one of which is 2 story with 1.5 baths). Also, a freestanding retail building generating $600 per month rent. NOI $22,530

Listing information

  • MLS® ID: 08659592
  • Status: Active
  • New Construction: No
  • County: Whiteside
  • Style: Multi-Family
  • Stories: 2
  • Foreclosure: No
  • Year Built: 1950
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $8,367

Features

Approximate Age Older
Built Before 1978 (Y/N) Yes
Franchisor Feed(y/n) No
Fuel Expense Source Actual
Heat/Ventilation Gas, Hot Water
Information 24-Hr Notice Required, Show-Call Listing Office
Other # Of Ranges - 10, # Of Refrigs - 10, # Of Units - 10, Electricity Expense - 714, Expense Year - 2013, Fuel Expense - 4326, Gross Rent Multiplier - 4.2, Gross Rental Income $ - 4645, Insurance Expense - 5291, Janitor Expense - 0, Net Oper Income $ - 22530, Other Expenses - 0, Repairs-Decor Expense - 0, Scavenger Expense - 810, Tax Year - 2013, Total Annual Exp - 30423, Total Annual Income - 55740, Total Monthly Income - 4645, Township - Sterling, Water Expense - 1074, Zoning Type - Multi
Outdoor Parking 19-30 Spaces
Property Type Multi Family 5+
Tenant Pays Electric
Type Multi-Family Other
Listing Courtesy of Rvg Commercial Real Estate