114 W Locust

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114 W Locust

Fairbury, IL 61739
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Residential apartment building located in Fairbury, Illinois.
  • Property contains a total of five individual units.
  • Located at the address 114 W Locust.
  • Suitable asset for diversified multifamily rental income.
  • Positions investors within the 61739 zip code area.

What's Special

This 5-unit multifamily property sits at 114 W Locust in Fairbury, Illinois. The apartment building serves the local residential market in this community, providing a stable housing option within the region. Multifamily assets in smaller markets like Fairbury benefit from steady demand among tenants seeking reliable, manageable living environments. The property structure allows for efficient operations and straightforward management, making it a viable addition to a residential investment portfolio. Investors can leverage the existing footprint to maintain occupancy levels while capitalizing on the fundamentals of the local housing market. With its central placement in the city, the building remains connected to the essential services and infrastructure typical of a suburban Illinois locale. Prospective owners may find this site suitable for long-term rental income strategies given its current configuration and unit count.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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