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930 Phelps Avenue
Rockford, IL 61108
Asking Price
$220K
Asset Type
Commercial Land
Class
Class B
What's Special
<ul><li>Approximately <strong>4.06 acres</strong></li><li>Ideal for <strong>Veteran (VA) Housing</strong>, senior housing, workforce housing, or community-based residential development</li><li>Conceptual architectural plans available</li><li>Mix of proposed <strong>2-bedroom/2-bath</strong> and <strong>3-bedroom/2-bath</strong> units</li><li>Planned community center to enhance resident services and engagement</li><li>Convenient access to retail, healthcare, dining, and transportation corri
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NOI
$80,000
Cap Rate
36.36%
DSCR
6.12
Strong
Cash-on-Cash
101.42%
Monthly Payment
$1,088.44
Annual Cash Flow
$66,938.72
