222 & 333 Capri Terrace | 222 Capri Ter
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
222 & 333 Capri Terrace 222 Capri Ter
24 Unit Block of Flats £2,048,020 (£85,334/Unit) 6.67% Net Initial Yield Wheeling, IL 60090
Investment Highlights
- Two Adjacent 12-unit Buildings
- (8) 1bd/1ba & (16) 2bd/1ba | Below Market Rents
- Twenty-four (24) surface parking spaces
- Opportunity for investor to renovate units and increase rents
- Opportunity for investor to renovate units and increase rents
- Capital Improvements: New Sewer Lines, Aluminum Windows & Roof Tear Off (2018)
Executive Summary
Kiser Group is pleased to exclusively present 222 & 333 Capri Terrace Located in the heart of Wheeling, IL. The property consists of two adjacent twelve unit California-style buildings. Each building is comprised of (4) 1bd/1ba & (8) 2bd/1ba units. There are (24) exterior parking spaces and coin laundry on-site.
Capital improvements include newer windows (2011) throughout, new hot water heaters (2021), new roofs (2018) and newer sewer lines (2012).
A new investor has the opportunity to acquire a great stable asset from day one. This deal also presents an opportunity to do cosmetic updates to the units and increase rents over 20%.
Capital improvements include newer windows (2011) throughout, new hot water heaters (2021), new roofs (2018) and newer sewer lines (2012).
A new investor has the opportunity to acquire a great stable asset from day one. This deal also presents an opportunity to do cosmetic updates to the units and increase rents over 20%.
Property Facts Under Contract
| Price | £2,048,020 | Building Class | C |
| Price Per Unit | £85,334 | Lot Size | 1.70 AC |
| Sale Type | Investment | Building Size | 20,732 SF |
| Net Initial Yield | 6.67% | Average Occupancy | 100% |
| No. Units | 24 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 2.7/1,000 SF |
| Apartment Style | Low Rise |
| Price | £2,048,020 |
| Price Per Unit | £85,334 |
| Sale Type | Investment |
| Net Initial Yield | 6.67% |
| No. Units | 24 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.70 AC |
| Building Size | 20,732 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.7/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 625 |
| 2+1 | 16 | - | 750 |
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £44,689 | |
| Land Assessment | £77,576 | Total Assessment | £122,264 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£77,576
Improvements Assessment
£44,689
Total Assessment
£122,264
zoning
| Zoning Code | R-4 (Single Family Residence District) |
| R-4 (Single Family Residence District) |
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
222 & 333 Capri Terrace | 222 Capri Ter
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.