135 E Prairie Ave #1-4, Decatur, IL 62523

Downtown living is in high demand, making it a great investment opportunity to own all 4 residential loft condo units in the historic 135 E. Prairie building. All 4 units are rented and produce an impressive annual cash-flow return. Each unit offers unique features including cathedral ceilings and exposed brick walls. Historically extremely low vacancy rates. Utilities split and the owner is responsible for insurance, trash, and common area maintenance. Currently priced at 8.5% CAP Rate. Future opportunities to convert to short term/corporate rentals and increase profitability exist in the market. It took the owner approximately a decade to assemble all four units. Contact broker for all inquiries.