Apartment Complex in Sparta, IL
SOLD!
Turnkey Investment: Apartment complex in Sparta, IL. This complex has a total of 8 apartments, 4 of them are single bedroom units and the other 4 are 2 bedroom. New flooring and fresh paint have been completed on 6 of the apartments and they are currently tenant occupied. One of the remaining 2 apartments will have new flooring and paint completed by February 15th, then the last apartment's updating will begin. This attractive brick complex has 7 new A/C units, 6 new refrigerators and 6 new stoves in the remodeled apartments, and 7 newer hot water heaters. All of the common areas have been updated, as well as new doors on the entryway and all of the apartments.
Single Bedroom Units:
Two Bedroom Units:
Directions: From Route 4/N Market Street in Sparta go west on W Main Street to James Street. Property is on the corner.
Agent Comments: The potential monthly gross income for these apartments at full occupancy is currently $4,000.
Building Description:
New Exterior Features:
Legal Description: Part of Sec 1, T5S - R6W, Randolph County, IL
Parcel(s): 19-002-001-00 $ 19-001-013-00
Taxes: 2018 total both parcels - $8,124.38
LISTED by Property Peddler Inc, Broker/Owner - Brad Chandler 618-791-3289
P#168Â Â Â Sold for $265,000 on 4/23/20
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All information provided through this website was obtained from sources deemed reliable; however, Property Peddler Inc. make no guarantees of the accuracy of information. All sketches and dimensions on this website are approximate and should be verified. All acreages are approximate and have been based on aerial photography, tax maps, or plat maps and are in no way guaranteed and the buyer might consider for it to be confirmed by a licensed surveyor.
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