1929 W Division Street, Decatur, IL
$315,000
Pending
2 Beds
1 Bath
840 SqFt
0.28 Acres
2 Car Garage
About 1929 W Division Street
August 24th update: All letters of intent from interested buyers due Sunday, August 27th at 6pm CST. Seller will review best and final offers at that time and make a decision. This is a package deal of 10 rental properties and seller prefers to sell as a package. Various locations throughout Decatur. 7 of the 10 houses are currently leased. ~$80k in annual gross income and ~$58k in net income when all 10 are rented assuming 5% vacancy. This represents an ~18% cap rate. If financed at 80% LTV the annual cashflow would be about $36k representing a ~56% cash on cash return and an ROI of ~45%. Please contact your real estate agent for a list of addresses and the assumptions behind the financials listed above.
Facts & Features
| MLS® # | 6228834 |
|---|---|
| Price | $315,000 |
| Cost Per Square Foot | $375 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Total Finished Square Feet | 840 |
| Total Finished Above Grade | 840 |
| Acres | 0.28 |
| Year Built | 1929 |
| Type | Single Family |
| Sub-Type | Single Family Residence |
| Style | Ranch |
| Status | Pending |
| Taxes | $1,153 |
| Tax Year | 2021 |
Community Information
| Address | 1929 W Division Street |
|---|---|
| City | Decatur |
| County | Macon |
| State | IL |
| Zip Code | 62526 |
Amenities
| Parking | Detached, Garage |
|---|---|
| # of Garage Spaces | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Gas Water Heater, Refrigerator |
|---|---|
| Heating | Forced Air, Gas |
| Cooling | Central Air |
| Has Basement | Yes |
| Basement | Unfinished, Full |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Roof | Asphalt, Shingle |
|---|---|
| Construction | Wood Siding |
| Foundation | Basement |
School Information
| District | Decatur Dist 61 |
|---|
Additional Information
| Date Listed | August 16th, 2023 |
|---|---|
| Days on Market | 28 |
| Zoning | RES |
Listing Details
| Agent | Tony Piraino |
|---|---|
| Office | Brinkoetter, Realtors |