Property Details

TITLE:
Student Rental UIUC
CONTROL:
Exclusive
VALUE:
$450,000
LOAN:
$180,000
EQUITY:
$270,000
TYPE:
Homes/Condos
HAVE:
Student housing beside University of Illinois.
WEBSITE URL:
ADDRESS:
705 W Oregon, Urbana, Illinois
BENEFITS TO NEW OWNER:
Amazing location by UIUC campus and downtown Urbana Unique property Can reposition property for considerably more rental income
Images: [1] [2]
GROSS SCHEDULED INCOME:
$45,000 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$45,000
EXPENSES:
$12,000
NOI:
$33,000
DEBT SERVICE:
$14,000
CASH FLOW:
$19,000
CAP RATE:
7.33%
CAN ADD:
Other properties
REMARKS:
Will sell and 1031 into another property or will partner with local to increase rental income.
COUNSELOR:
Theresa Mueller
Trelleum Real Estate
132 N Washington
Naperville, Illinois, 60540
Cell: 630-715-9999