$469,900
164 N Park Place Decatur, IL 62522
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$469,900
Est. payment /mo
9,000 SqFt
UPDATED:
11/09/2024 03:09 AM
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $52
MLS Listing ID 11927339
Year Built 1929
Annual Tax Amount $7,016
Tax Year 2022
Lot Size 0.380 Acres
Property Description
Discover a prime investment opportunity with this multifamily property located within walking distance of Millikin University. Boasting 18-bedrooms : 16 tenant bedrooms fully furnished with queen and/or twin bed, mattress and dresser. 2 of the bedrooms with full baths used for facility director located on main floor.4.5 tenant bathrooms-all full baths have showers and were remodeled in the last 3 years.Spread across 4 floors , this versatile property is designed for optimal functionality .The lower level features a spacious kitchen, laundry, dining room, social space, and a 1/2 bath, perfect for communal living and gatherings. Additionally, two of three other floors are equipped with convenient kitchenettes, adding flexibility to the living arrangements. With the convenience of on-site laundry facilities, this property ensures a hassle-free living experience for residents. The strategic location offers proximity to Millikin University, making it an attractive option for students seeking comfortable, nearby housing.1st floor- 3 bedrooms, 1 of the bedrooms has ensuite, 1 shared full bath, separate 2 bedrooms for director quarters with each their own bathroom.. open social area and kitchenette2nd floor -8 bedrooms 2 baths kitchenette and social gathering area3rd floor- 5 bedrooms and large deck for outside social gathering key fob entry access9 parking spacesInvestors, seize the opportunity to capitalize on the growing demand for student housing in this vibrant university town.Explore the potential for consistent rental income and long-term returns with this multifamily gem.Don't miss out on this chance to make a wise investment in the heart of Decatur, located in the well sought after west end neighborhood.Schedule a viewing today and unlock the doors to a promising venture in real estate.
Location
State IL
County Macon
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Utilities Available Water-Municipal
Waterfront false
View Y/N true
Roof Type Composition
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Tonya Feller • Vieweg RE/Better Homes & Gardens Real Estate-Servi
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Greg Cirone
Managing Broker | License ID: 471003959
Managing Broker License ID: 471003959