$1,387,500
$1,550,000
10.5%For more information regarding the value of a property, please contact us for a free consultation.
1 Acres Lot
SOLD DATE : 05/20/2019
Key Details
Sold Price $1,387,500
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10291761
Sold Date 05/20/19
Maintenance Fees $12,275
Year Built 1965
Annual Tax Amount $27,805
Tax Year 2017
Lot Size 1.000 Acres
Lot Dimensions 142X310
Property Sub-Type Multi Family 5+
Property Description
508 S. Mattis is a 21 unit apartment complex made up of 7 one bedroom, 11 two bedroom and 3 three bedroom apartments. This property has on site laundry and a good occupancy history. About half of these units have been updated leaving room to update the remaining units and increase the gross rental income. Located in SW Champaign, this property has positive cash flow and is a solid investment. Owner is licensed agent.
Location
State IL
County Champaign
Area Champaign, Savoy
Zoning MULTI
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 2
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Bought with Daniel Cothern • KELLER WILLIAMS-TREC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "