1501 Field Circle

    Freeport, IL 61032
    • $1,550,000
    • STATUS: Active
    • ON SITE: 180 days
    • MLS #: 09821114
    $1,550,000
    • 0
      BEDS
    • 11.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1998
    County:

    School Ratings & Info

    Description

    Approximately 11 acre site approved for 28 quad apartment buildings for a total of 112 units. Currently there are 24 apartments constructed in six buildings. Existing apartments have been historically 100% rented at an average rental of $705 per month. Each apartment unit is separately metered and could be converted to condos. Site is just minutes from Freeport's most active intersection. Property has a pending agreement with the City of Freeport for remaining roads and water/sewer mains to be constructed at city expense. Owners will consider a separate sale of remaining vacant land for $780,000.

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    © 2018 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Key Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Key Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2018-06-20T23:52:55.447.

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    www.keyrealtyus.com/homes/79528165

    1501 Field Circle Freeport, IL 61032

    • Price: $1,550,000
    • Status: Active
    • MLS #: 09821114
    0
    Beds
    0
    Baths
    0
    ½ Baths
    11.45
    Acres
    1998
    Built
    Neighborhood:
    Out Of Area West
    County:
    Other
    Area:
    Out Of Area West
    Property Description
    Approximately 11 acre site approved for 28 quad apartment buildings for a total of 112 units. Currently there are 24 apartments constructed in six buildings. Existing apartments have been historically 100% rented at an average rental of $705 per month. Each apartment unit is separately metered and could be converted to condos. Site is just minutes from Freeport's most active intersection. Property has a pending agreement with the City of Freeport for remaining roads and water/sewer mains to be constructed at city expense. Owners will consider a separate sale of remaining vacant land for $780,000.
    Exterior Features

    Construction Wood Frame Foundation Concrete Frontage Access City Street Lot Dimensions 710 X 700 Lot Sq Ft 498728 Number Of Parking Spaces 24 Roof Coverings Shingle Composition Roof Structure Gable

    Interior Features

    Indoor Parking 19-30 Spaces Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 0 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Full Bathrooms Type1 1 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 5 Number Of Rooms Unit2 0 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Stories 2 Number Of Units Apt Type1 24 Number Of Units Apt Type2 0 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Outdoor Parking 19-30 Spaces Repairs Decor Expense 15000

    Property Features

    Age 16-25 Years Built Before1978 YN No Current Use Residential-Multi-Family Electricity Expense 3600 Expense Year 2016 Exterior Building Type Vinyl Siding Fuel Expense 0 Gross Rental Income Amount 20400 Heat Ventilation Forced Air Insurance Expense 3600 Janitor Expense 0 Monthly Income Max1 705 Net Oper Income Amount 63000 Net Operating Income Year 2016 Other Expenses 120700 Owners Assoc YN No Tax Year 2016 Taxes 51618 Tenant Pays ElectricHeat Total Annual Exp 145000 Total Annual Income 208000 Total Monthly Income 17000 Township Freeport Type Multi Family Corridor-Interior Entrance Unincorporated YN No Water Expense 300 Zoning Type Multi

    Listing information © 2018 Midwest Real Estate Data LLC.
    Listing provided courtesy of Rvg Commercial Realty.


    © 2018 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Key Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Key Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Data last updated: 2018-06-20T23:52:55.447.

    Digital Millennium Copyright Act
     
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