Downtown living is in high demand, making it a great investment opportunity to own all four 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. Building has new roof. Owners have re-invested nearly $50,000 of capital improvements into the property in the last two years. Offering does not include street level business condo, only upper level residential units. Click-thru CA available to view rent roll and financials. Contact commercial broker for all inquiries.
Property Details
Price:
$599,000
MLS #:
6245377
Status:
Active
Beds:
0
Baths:
0
Address:
135 E Prairie Avenue 1-4
Type:
Single Family
Subtype:
Quadruplex
Subdivision:
Lease
City:
Decatur
Listed Date:
Aug 16, 2024
State:
IL
ZIP:
62523
Lot Size:
2,721 sqft / 0.06 acres (approx)
Year Built:
1880
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Schools
School District:
Decatur Dist 61
Interior
Appliances
Water Heater
Cooling
Central Air
Exterior
Roof
Other
Financial
Tax Year
2022
Taxes
$2,297
Map
Community
- Address135 E Prairie Avenue 1-4 Decatur IL
- SubdivisionLease
- CityDecatur
- CountyMacon
- Zip Code62523
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135 E Prairie Avenue 1-4
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