A rare opportunity to own this investment property that is being offered on the market for the first time since it was built in 1996/1998. The 9 unit, townhouse property, with paved parking lots, is a 100% rented and is situated on 1.053 acres on the Southside of Urbana with close proximity to US Hwy 68 and State Route 55. All the apartments were built identical, with each unit offering 992 square feet. The main level floor plan features the living room, eat in kitchen (each with a range and refrigerator) and a laundry area with hookups for a full size washer and dryer. Upstairs there are 2 bedrooms and a full bath. Each unit has a small patio area in the rear of the building off the kitchen. Sidewalks connect the apartments to the parking area and the grounds feature mature trees. The rental income is $5095 monthly and there is $5095 in deposits. Each unit has separate meters for all the utilities including water/sewer, gas and electric. Included in the rent is the trash dumpster paid by the seller and is located on the property in the parking lot at $163 per month. This apartment complex has been well maintained over the years and it shows. The front building that faces High Street addresses are 1018, 1020 and 1024 S. High Street. The South building addresses are 1024 S. High Street Apt A-1, A-2 and A-3. The North building addresses are 1024 S. High Street Apt B-1, B-2 and B-3.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
