1400 W Calhoun St | 1400 W Calhoun St
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1400 W Calhoun St 1400 W Calhoun St
12 Unit Block of Flats £538,549 (£44,879/Unit) 10.22% Net Initial Yield Macomb, IL 61455
Investment Highlights
- Near Western Illinois University Campus
Executive Summary
Value-add opportunity
Current 1 Bedroom Apartments Rent $525
Remodeled Market Rate 1 Bedroom Rents: $625 to $700
Current 1 Bedroom Apartments Rent $525
Remodeled Market Rate 1 Bedroom Rents: $625 to $700
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £538,549 | Apartment Style | Low Rise |
| Price Per Unit | £44,879 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Net Initial Yield | 10.22% | Building Size | 8,542 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 3 |
| Property Subtype | Apartment | Year Built | 1970 |
| Price | £538,549 |
| Price Per Unit | £44,879 |
| Sale Type | Investment |
| Net Initial Yield | 10.22% |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 8,542 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built | 1970 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 12 | £432.83 | 545 |
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PROPERTY TAXES
| Parcel Number | 11-101-084-00 | Total Assessment | £35,778 (2023) |
| Land Assessment | £3,626 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £32,152 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
11-101-084-00
Land Assessment
£3,626 (2023)
Improvements Assessment
£32,152 (2023)
Total Assessment
£35,778 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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Macomb Real Estate Holdings, LLC
1400 W Calhoun St | 1400 W Calhoun St
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