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.
61 days
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186
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8
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Zillow last checked:
Listing updated:
Listed by:
Tonya Feller217-875-8081,
Glenda Williamson Realty
Source: CIBR,MLS#: 6258597Originating MLS: Central Illinois Board Of REALTORS
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Facts & features
Interior
Bedrooms & bathrooms
Bathrooms: 0
Heating
Hot Water, Zoned
Cooling
Central Air, 3+ Units, Window Unit(s)
Appliances
Included: Dryer, Dishwasher, Gas Water Heater, Microwave, Range, Refrigerator, Range Hood, Washer
Features
Windows: Replacement Windows
Basement: Finished,Full
Interior area
Total structure area: 0
Finished area above ground: 0
Property
Features
Levels: Three Or More
Stories: 3
Lot
Size: 0.38 Acres
Details
Parcel number: 041216254009
Zoning: R-6
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family
Materials
Brick
Foundation: Basement
Roof: Shingle
Condition
Year built: 1929
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Security: Security System, Fire Sprinkler System, Smoke Detector(s)
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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