Broadway St | 715 W Broadway St
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Broadway St 715 W Broadway St
4 Unit Block of Flats £280,445 (£70,111/Unit) 6.90% Net Initial Yield Sparta, IL 62286
Investment Highlights
- Two Buildings, One Parcel
- Cash Flow is the key!
- 0.960 Acres
Executive Summary
Fantastic cash flow opportunity! This fully updated 4-unit property is located on a large parcel with two separate buildings. The property features: Two 2-bedroom, 1-bath units rented at $900/month (tenant pays gas & electric) One 1-bedroom, 1-bath unit rented at $900/month (all utilities included) One studio unit rented at $750/month (all utilities included) Landlord covers water, trash, and lawn care. With a total monthly income of $3,450, this property offers excellent potential for steady returns. Well-maintained and low-maintenance, it’s the perfect addition to your investment portfolio!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£33,092
|
£8.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£2,647
|
£0.66
|
| Effective Gross Income |
£30,444
|
£7.61
|
| Taxes |
£2,171
|
£0.54
|
| Operating Expenses |
£8,984
|
£2.25
|
| Total Expenses |
£11,155
|
£2.79
|
| Net Operating Income |
£19,289
|
£4.82
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £33,092 |
| Annual Per SF | £8.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £2,647 |
| Annual Per SF | £0.66 |
| Effective Gross Income | |
|---|---|
| Annual | £30,444 |
| Annual Per SF | £7.61 |
| Taxes | |
|---|---|
| Annual | £2,171 |
| Annual Per SF | £0.54 |
| Operating Expenses | |
|---|---|
| Annual | £8,984 |
| Annual Per SF | £2.25 |
| Total Expenses | |
|---|---|
| Annual | £11,155 |
| Annual Per SF | £2.79 |
| Net Operating Income | |
|---|---|
| Annual | £19,289 |
| Annual Per SF | £4.82 |
Property Facts
| Price | £280,445 | Property Subtype | Apartment |
| Price Per Unit | £70,111 | Apartment Style | Townhome |
| Sale Type | Investment | Building Size | 4,000 SF |
| Net Initial Yield | 6.90% | Average Occupancy | 75% |
| Gross Rent Multiplier | 6.03 | Number of Floors | 1 |
| No. Units | 4 | Year Built/Renovated | 1978/2024 |
| Property Type | Residential |
| Price | £280,445 |
| Price Per Unit | £70,111 |
| Sale Type | Investment |
| Net Initial Yield | 6.90% |
| Gross Rent Multiplier | 6.03 |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Size | 4,000 SF |
| Average Occupancy | 75% |
| Number of Floors | 1 |
| Year Built/Renovated | 1978/2024 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 2 | £721.35 | - |
| 1+1 | 1 | £721.35 | - |
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Broadway St | 715 W Broadway St
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