1315 East Decatur Street, Decatur, IL
14.00% return
SP:
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Property Description

TURN KEY RENTAL PORTFOLIO!! 

23 single family homes. Completely turn key, no rehab needed. Homes are renovated and in excellent condition! Currently bringing in $14,000/month. Will generate $213,600 PER YEAR and a 14% NET RETURN! Do not skip out on this opportunity to pick up a deal this large in today's market! 

MANAGEMENT ALREADY IN PLACE! Financing available!

Property Information

  • Listing statusActive
  • Property typeSingle Family (23 properties)
  • Total bedrooms54
  • Total bathrooms27
  • Building size(unknown)
  • Lot size3.1 acres
  • Year built1920 - 1959
  • CountyMacon County
  • SubdivisionJohns Second Add
  • ConstructionFrame, Brick
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWindow Unit, Central
  • CoolingWindow A/C, Central air

Property Financial Summary

  • Sale price $1,050,000
  • Estimated rehab 1 $0
  • Total investment $1,050,000
  • Type Proforma
  • Gross income (annually) $213,600
  • Operating expenses (annually) $66,602
  • Net income (annually) $146,998
  • Gross return 20.34%
  • Gross income (monthly) $17,800
  • Operating expenses (monthly) $5,550
  • Net income (monthly) $12,250
  • Net return 14.00%

Property Income & Expenses

  • Income
  • 1221 Sedgwick Street
  • 2 bed / 1 bath $725/month $8,700/year
  • 1315 East Decatur Street
  • 2 bed / 1 bath $725/month $8,700/year
  • 1317 North Fairview Avenue
  • 3 bed / 1 bath $850/month $10,200/year
  • 1324 East Johns Avenue
  • 3 bed / 1 bath $800/month $9,600/year
  • 1335 East Johns Avenue
  • 2 bed / 1 bath $725/month $8,700/year
  • 1444 East Clay Street
  • 2 bed / 1 bath $725/month $8,700/year
  • 1455 East Decatur Street
  • 3 bed / 2 bath $900/month $10,800/year
  • 1465 East Moore Street
  • 2 bed / 1 bath $725/month $8,700/year
  • 1484 East Moore Street
  • 2 bed / 1 bath $725/month $8,700/year
  • 1537 West William Street
  • 2 bed / 1 bath $750/month $9,000/year
  • 1560 East Cantrell Street
  • 2 bed / 1 bath $725/month $8,700/year
  • 1608 East Johns Avenue
  • 2 bed / 1 bath $725/month $8,700/year
  • 1819 East Moore Street
  • 3 bed / 2 bath $900/month $10,800/year
  • 1843 North Maple Avenue
  • 3 bed / 1 bath $800/month $9,600/year
  • 1970 North Maple Avenue
  • 2 bed / 1 bath $725/month $8,700/year
  • 2036 North Graceland Avenue
  • 2 bed / 1 bath $725/month $8,700/year
  • 223 South 19th Street
  • 2 bed / 1 bath $725/month $8,700/year
  • 2328 East Clay Street
  • 3 bed / 2 bath $900/month $10,800/year
  • 315 South 19th Street
  • 2 bed / 1 bath $725/month $8,700/year
  • 531 South 19th Street
  • 2 bed / 1 bath $725/month $8,700/year
  • 64 Whippoorwill Drive
  • 3 bed / 1 bath $850/month $10,200/year
  • 720 West Center Street
  • 3 bed / 2 bath $900/month $10,800/year
  • 765 West Division Street
  • 2 bed / 1 bath $725/month $8,700/year
  • Total $17,800/month $213,600/year
  • Expenses
  • Property Taxes $1,826/month $21,913/year
  • Waste Collection $318/month $3,812/year
  • Utilities $442/month $5,300/year
  • Water and Sewer $57/month $682/year
  • Maintenance reserve $1,128/month $13,540/year
  • Property Management $1,780/month $21,355/year
  • Total $5,550/month $66,602/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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