Illinois LIHTC Portfolio
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Illinois LIHTC Portfolio
5 Residential Properties in Multiple Locations
Investment Highlights
- Six LIHTC communities located in central/south Illinois
- Current rents across portfolio are below both market and max LIHTC rents
- Appealing price per unit and residual value on the portfolio
- Mix of senior and family designated communities, well maintained and well-occupied
- Attractive assumable debt in place
Executive Summary
At market NOI: $205K
At market GPR: $522K
100% Occupied
At market GPR: $522K
100% Occupied
Taxes & Operating Expenses (Pro forma - 2023) Click Here to Access |
Annual |
---|---|
Gross Rental Income | $99,999 |
Other Income | $99,999 |
Vacancy Loss | $99,999 |
Effective Gross Income | $99,999 |
Taxes | - |
Operating Expenses | - |
Total Expenses | $99,999 |
Net Operating Income | $99,999 |
Taxes & Operating Expenses (Pro forma - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Other Income | |
---|---|
Annual | $99,999 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Taxes | |
---|---|
Annual | - |
Operating Expenses | |
---|---|
Annual | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Property Facts
Sale Type | Investment | Individually For Sale | 0 |
Status | Active | Total Building Size | 255,353 SF |
Number of Properties | 5 | Total Land Area | 37.64 AC |
Sale Type | Investment |
Status | Active |
Number of Properties | 5 |
Individually For Sale | 0 |
Total Building Size | 255,353 SF |
Total Land Area | 37.64 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
Ottawa Senior Apartments
400 Jim Thomas Cir, Ottawa, IL 61350 |
Residential | 34,400 SF | 2002 | - |
Benton Place Senior Apartments
1500 N Franklin Dr, Benton, IL 62812 |
Residential | 31,000 SF | - | - |
Shelbyville Apartments
211 Meadow View Ct, Shelbyville, IL 62565 |
Residential | 64,000 SF | 2000 | - |
Village Green Apartments
811 Meadowview Dr, Flora, IL 62839 |
Residential | 35,700 SF | - | - |
Bradley Apartments
102-110 Uncle Leo Dr, Bradley, IL 60915 |
Residential | 90,253 SF | - | - |
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Illinois LIHTC Portfolio
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