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228 West Main Street
Decatur, IL 62523
Asking Price
$795K
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
13-Unit Mixed-Use Building: Residential & Retail. <p>This once in a lifetime opportunity features a total of thirteen units, including six retail at street level and seven apartments on the second floor. There is potential to increase income through future rent adjustments. An off-street parking lot is located on the north side, and most units are individually metered. Property is conveniently close to Millikin University. </p>
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NOI
$80,000
Cap Rate
10.06%
DSCR
1.69
Strong
Cash-on-Cash
13.75%
Monthly Payment
$3,933.226
Annual Cash Flow
$32,801.285
