644 E Pells Street, PAXTON IL 60957 Photo 1 644 E Pells Street, PAXTON IL 60957 Photo 2 644 E Pells Street, PAXTON IL 60957 Photo 3 644 E Pells Street, PAXTON IL 60957 Photo 4 644 E Pells Street, PAXTON IL 60957 Photo 5 644 E Pells Street, PAXTON IL 60957 Photo 6 644 E Pells Street, PAXTON IL 60957 Photo 7 644 E Pells Street, PAXTON IL 60957 Photo 8 644 E Pells Street, PAXTON IL 60957 Photo 9 644 E Pells Street, PAXTON IL 60957 Photo 10 644 E Pells Street, PAXTON IL 60957 Photo 11 644 E Pells Street, PAXTON IL 60957 Photo 12 644 E Pells Street, PAXTON IL 60957 Photo 13 644 E Pells Street, PAXTON IL 60957 Photo 14 644 E Pells Street, PAXTON IL 60957 Photo 15 644 E Pells Street, PAXTON IL 60957 Photo 16
Listing Courtesy of Mccolly Bennett Real Estate

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644 E Pells Street - SENIOR LIVING CENTERS - 80 UNITS IN 3 LOCATIONS! PAXTON/GIBSON CITY/HOOPSTON all within 30 miles of each other. Fully leased, listed at a 9 cap equal to $40,000 per unit. Perfect for HUD 2530/Rural Development HAP Assignment buyers!! Properties are in sound condition! To retain occupancy, buyer must meet Section 8/HUD requirements. Gibson City - 24 units/ Paxton - 24 units/Hoopston - 32 units. Owner will not sell individually.

Listing information

  • MLS® ID: 10430612
  • Status: Active
  • New Construction: No
  • Lot Size: 235X210X75X210X394X697X677
  • Style: Multi-Family
  • Stories: 1
  • Foreclosure: No
  • Estimated Annual Taxes: $69,248
  • Year Built: 1980
  • Parking Type Description: None 0 cars
  • Lot Area: 5.09 Acres
  • County: Ford

Features

Air Conditioning Wall Sleeve
Approximate Age 16-25 Years
Basement Description Slab
Built Before 1978 (Y/N) No
Construction Wood Frame
Current Use Elderly Housing, Residential-Multi-Family
Exterior Building Type Vinyl Siding
Foundation Concrete
Franchisor Feed(y/n) No
Frontage/Access City Street, Public Road
Fuel Expense Source Actual
Heat/Ventilation Baseboard, Electric, Separate Per Unit
Information 24-Hr Notice Required
Known Encumbrances None Known
Land Amenities Clubhouse, Lighting/Exterior, Sidewalks
Location Park Adjacent
Misc Inside Common Meeting Room/s, Handicapped Access, Handicapped Equip Washroom/s
Misc Outside Balcony/ies, Handicapped Access, Patio, Security Lighting
Other # Of Dishwashers - 0, # Of Dryers - 80, # Of Ranges - 80, # Of Refrigs - 80, # Of Units - 80, # Of Washers - 80, # Of Window/Ac - 80, Approx Total Bldg Sq Ft - 52500, Electricity Expense - 12019, Expense Year - 2018, Fuel Expense - 0, Gross Rent Multiplier - 5.9, Gross Rental Income $ - 539007, Insurance Expense - 17026, Janitor Expense - 0, Net Oper Income $ - 28039, Net Operating Income Year - 2018, Other Expenses - 15713, Repairs-Decor Expense - 104349, Scavenger Expense - 7947, Tax Year - 2018, Total Annual Exp - 258611, Total Annual Income - 539007, Total Monthly Income - 44917, Township - Patton, Water Expense - 5360, Zoning Type - Multi
Outdoor Parking 51-100 Spaces
Owners Assoc (Y/N) No
Ownership Type Limited Partnership
Possession Closing
Potential Use Elderly Housing, Residential-Multi-Family
Property Type Multi Family 5+
Roof Coverings Shingle Composition
Tenant Pays Varies by Tenant
Type Multi-Family Corridor-Exterior Entrance, Senior
Unincorporated (Y/N) No
Washer/Dryer Lsd (Y/N) No
Listing Courtesy of Mccolly Bennett Real Estate