706 Locust Street

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706 Locust Street

Sterling, IL 61081
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).

  • Located at 706 Locust Street in Sterling, Illinois.
  • Multifamily apartment building available for purchase.
  • Situated in the central portion of Whiteside County.
  • Property supports residential rental and investment strategies.
  • Asset provides access to local Sterling commercial infrastructure.

What's Special

Sterling serves as a key industrial and commercial hub within Whiteside County, positioned along the Rock River in northwestern Illinois. The region maintains a steady economic base supported by diverse manufacturing operations and local commerce, providing a consistent demand for housing. This multifamily apartment building at 706 Locust Street represents a functional asset for investors looking to expand their residential portfolio in a well-established submarket. The property is suited for long-term residential leasing, catering to local workers and residents who prioritize access to downtown amenities and major regional transportation corridors. Its location provides residents with connectivity to surrounding employers and retail services, while the structure offers the necessary foundation for ongoing rental income generation. Investors seeking to capitalize on regional housing needs may find this apartment building an appropriate acquisition for their portfolios.

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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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