205 E Logan Street

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205 E Logan Street

Atlanta, IL 61723
Asking Price
$95K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 205 E Logan Street.
  • Property is situated within the city of Atlanta, Illinois.
  • The total asking price for this asset is 95,000 dollars.
  • Asset provides potential for residential leasing and investment income.
  • The building is positioned within a stable Logan County market.

What's Special

Atlanta, Illinois, functions as a quiet community within Logan County, characterized by its steady pace and connectivity to broader regional transit routes. This multifamily apartment building, situated at 205 E Logan Street, represents a foundational asset for investors seeking a foothold in a growing suburban market within the state. The property provides a clear entry point into the local housing landscape, suitable for those focusing on long-term residential leasing strategies. Its structure serves as an functional option for maintaining consistent occupancy in an area where stable housing remains a requirement for residents. Investors can leverage this asset to address the demand for rental units in this established locale, benefiting from the building's placement within the heart of the community. This acquisition offers a straightforward addition to an existing residential portfolio, focusing on the essential utility required by the local population.

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NOI
$80,000
Cap Rate
84.21%
DSCR
14.18
Strong
Cash-on-Cash
260.91%
Monthly Payment
$470.008
Annual Cash Flow
$74,359.902

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