Description
Discover a prime investment opportunity with this multifamily property located within walking distance of Millikin University. Boasting 18-bedrooms : 16 tenant bedrooms fully furnished with queen and/or twin bed, mattress and dresser. 2 of the bedrooms with full baths used for facility director located on main floor. 4.5 tenant bathrooms-all full baths have showers and were remodeled in the last 3 years. Spread across 4 floors , this versatile property is designed for optimal functionality . The lower level features a spacious kitchen, laundry, dining room, social space, and a 1/2 bath, perfect for communal living and gatherings. Additionally, two of three other floors are equipped with convenient kitchenettes, adding flexibility to the living arrangements. With the convenience of on-site laundry facilities, this property ensures a hassle-free living experience for residents. The strategic location offers proximity to Millikin University, making it an attractive option for students seeking comfortable, nearby housing. 1st floor- 3 bedrooms, 1 of the bedrooms has ensuite, 1 shared full bath, separate 2 bedrooms for director quarters with each their own bathroom.. open social area and kitchenette 2nd floor -8 bedrooms 2 baths kitchenette and social gathering area 3rd floor- 5 bedrooms and large deck for outside social gathering key fob entry access 9 parking spaces Investors, seize the opportunity to capitalize on the growing demand for student housing in this vibrant university town. Explore the potential for consistent rental income and long-term returns with this multifamily gem. Don't miss out on this chance to make a wise investment in the heart of Decatur, located in the well sought after west end neighborhood. Schedule a viewing today and unlock the doors to a promising venture in real estate.
Details
| MLS # | 6258597 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1929 |
| Days On Site | 104 |
| Listing Provided By | Glenda Williamson Realty | Tonya Feller |
Features
| SQ Feet | 9,000 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 18 |
| Zoning | R-6 |
| Acreage | 0.38 |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 10996 |
|---|
Area Information
| State | IL |
|---|---|
| County | Macon |
| City | Decatur |
| Zip Code | 62522 |
| Community Name | Park View Add |
| Listing VS Median (in Park View Add) | |
Price: $379,000 low | high Med: $342,000 sqft: 9,000 low | high Med: 5,711 $ / sqft: $42 low | high Med: $84 On site: 104 low | high Med: 60 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| State | IL |
|---|---|
| County | Macon |
| City | Decatur |
| Zip Code | 62522 |
| Community Name | Park View Add |
| Listing VS Median (in Park View Add) | |
Price: $379,000 low | high Med: $342,000 sqft: 9,000 low | high Med: 5,711 $ / sqft: $42 low | high Med: $84 On site: 104 low | high Med: 60 | |