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
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 |
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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 |
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City | Decatur |
County | Macon |
State | IL |
Zip Code | 62526 |
Amenities
Parking | Garage, Detached |
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# of Garage Spaces | 2 |
Is Waterfront | No |
Has Pool | No |
Interior
Appliances | Gas Water Heater, Refrigerator |
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Heating | Forced Air, Gas |
Cooling | Central Air |
Has Basement | Yes |
Basement | Full, Unfinished |
Fireplace | No |
# of Stories | 1 |
Stories | One |
Exterior
Roof | Asphalt, Shingle |
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Construction | Wood Siding |
Foundation | Basement |
School Information
District | Decatur Dist 61 |
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Additional Information
Date Listed | August 16th, 2023 |
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Days on Market | 34 |
Zoning | RES |
Listing Details
Agent | Tony Piraino |
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Office | Brinkoetter, Realtors |