INVESTMENT OPPORTUNITY – 14-UNIT MULTIFAMILY PROPERTY | 13% CAP RATE – Located at 1730 N Water Street in Decatur, IL, this fully renovated 14-unit multifamily property presents an exceptional investment opportunity with a strong 13% cap rate. The three-story building consists of 14 one-bedroom, one-bath apartments, each of which has been completely remodeled and updated with new flooring, fixtures, and appliances. The property also features a new roof, reducing future maintenance concerns and enhancing long-term value. This turnkey investment is fully occupied with fresh tenants, ensuring immediate and steady rental income. The building’s upgrades and strong rental demand make it an ideal opportunity for investors looking for a high-yield, low-maintenance multifamily asset in a growing market. Don’t miss your chance to acquire a stabilized property with strong cash flow. Contact us today for more details!
Property Details
Price:
$775,000
MLS #:
6250739
Status:
ActiveUnderContract
Beds:
0
Baths:
0
Address:
1730 Water Street
Type:
Single Family
Subtype:
MultiFamily
Subdivision:
Whitchels Add
City:
Decatur
Listed Date:
Feb 24, 2025
State:
IL
ZIP:
62526
Lot Size:
12,640 sqft / 0.29 acres (approx)
Year Built:
1979
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Schools
School District:
Decatur Dist 61
Interior
Appliances
Cooktop, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Range Hood
Cooling
Ductless, Window Units
Heating
Ductless, Electric, Hot Water
Exterior
Construction Materials
Brick, Vinyl Siding
Roof
Shingle
Financial
Tax Year
2023
Taxes
$8,430
Map
Community
- Address1730 Water Street Decatur IL
- SubdivisionWhitchels Add
- CityDecatur
- CountyMacon
- Zip Code62526
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