221 ROBINHOOD LN

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221 ROBINHOOD LN

BLOOMINGTON, IL 61701
Asking Price
$510K
Cap Rate
8.58%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Six-unit multifamily asset available for purchase in Bloomington
  • Current status confirms the property is fully leased
  • On-site laundry facilities are provided for resident convenience
  • Select units feature dedicated garage parking spaces
  • The investment is offered at an asking price of $510,000
  • Property performance is reflected in an 8.58% cap rate

What's Special

This multifamily property at 221 Robinhood Ln in Bloomington, Illinois, presents a straightforward investment for those seeking a stable residential asset. The six-unit apartment building is currently fully leased, providing immediate income generation for a prospective owner. Residents benefit from practical amenities, including on-site laundry facilities and garage parking available for select units. Bloomington serves as a stable economic hub in the region, supported by a diverse mix of educational and corporate institutions, making it a reliable location for long-term residential holdings. The scale of this asset suits an investor looking to bolster their portfolio with an established multi-unit property. Its functional layout and consistent occupancy history support a variety of management strategies in this well-connected Illinois submarket. The property remains well-positioned to serve the ongoing demand for rental housing in the area.

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NOI
$80,000
Cap Rate
15.69%
DSCR
2.64
Strong
Cash-on-Cash
32.50%
Monthly Payment
$2,523.202
Annual Cash Flow
$49,721.579

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