Description
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:
- Bedroom 11.54 x 11.9
- Bath 7.91 x 4.88
- Livingroom 18.93 x 11.92
- Kitchen 11.33 x 3.33
- Overall Area 539.40 Sq. ft.
Two Bedroom Units:
- Kitchen 8.5 x 8.1
- Dining Room 7.77 x 8.5
- Living Room 12.7 x 16.6
- Bath 4.1 x 8.17
- Bedroom 9.41 x 11.9
- Closet 6.14 x 3.93
- Bedroom 8.55 x 11.47
- Closet 2 5.45 x 1.8
- Overall Area 705.29 Sq. Ft.
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:
- Roof
- Entry Doors
- Soffit
- Fascia
- Gutters
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#168 Sold for $265,000 on 4/23/20
