895 West Leafland Avenue, Decatur, IL
15.46% return
SP:
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250 N College St
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Property Description

INSANE CASH FLOW!!! 

41 units in total, consisting of 32 different parcels! Only $35k per unit!! Portfolio has amazing upside. Low expenses. The city is home to production centers for Catepillar, Archer Daniels Midland, Mueller Co., and Tate & Lyle. Ranked 3rd in the nation as an emerging logistics and distribution center. Properties have the potential to generate $27,000/month in income and a 15.46% return on investment after minor improvements!!!! Units are located within minutes of each other. This is an opportunity to build a huge rental portfolio without putting in the work! Do not miss out, as package will get smaller. 

Financing is available. Professional property management is in place.

Property Information

  • Listing statusPending
  • Property typeSingle Family (32 properties)
  • Total units41
  • Total bedrooms84
  • Total bathrooms46
  • Building size33835 sq. ft.
  • Lot size4.0 acres
  • Year built1885 - 1957
  • CountyMacon County
  • Subdivision
  • ConstructionFrame, Brick/Frame
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer, Septic
  • HeatingCentral, Window Unit
  • CoolingCentral air, Window A/C

Property Financial Summary

  • Sale price $1,450,000
  • Estimated rehab 1 $100,000
  • Total investment $1,550,000
  • Type Proforma
  • After repair value $1,845,000
  • Potential profit $295,000
  • Gross income (annually) $324,000
  • Operating expenses (annually) $84,317
  • Net income (annually) $239,683
  • Gross return 20.90%
  • Gross income (monthly) $27,000
  • Operating expenses (monthly) $7,026
  • Net income (monthly) $19,974
  • Net return 15.46%

Property Income & Expenses

  • Income
  • 1021 North 35th Street
  • 2 bed / 1 bath $650/month $7,800/year
  • 1073 Curtis Avenue
  • 2 bed / 1 bath $700/month $8,400/year
  • 1137 South Illinois Street
  • 3 bed / 2 bath $850/month $10,200/year
  • 1156 North Union Street
  • 3 bed / 1 bath $650/month $7,800/year
  • 1168 West Marietta Street
  • 3 bed / 2 bath $900/month $10,800/year
  • 1261 East Cantrell Street
  • 2 bed / 1 bath $650/month $7,800/year
  • 1355 North College Street
  • 3 bed / 1 bath $750/month $9,000/year
  • 1362 East Condit Street
  • 3 bed / 1 bath $650/month $7,800/year
  • 142 South Witt Street
  • 2 bed / 1 bath $650/month $7,800/year
  • 1424 East Whitmer Street
  • 2 bed / 1 bath $700/month $8,400/year
  • 146 South Witt Street
  • 2 bed / 1 bath $650/month $7,800/year
  • 1491 West Forest Avenue
  • 4 bed / 1 bath $975/month $11,700/year
  • 1553 North Walnut Grove Avenue
  • 2 bed / 1 bath $650/month $7,800/year
  • 1561 West Hunt Street
  • 2 bed / 1 bath $650/month $7,800/year
  • 1820 West Grand Avenue
  • 2 bed / 1 bath $700/month $8,400/year
  • 1910 Indiana Court
  • 2 bed / 1 bath $700/month $8,400/year
  • 2035 East William Street, Duplex
  • Unit 1: 2 bed / 1 bath $600/month $7,200/year
  • Unit 2: 2 bed / 1 bath $600/month $7,200/year
  • 2152 East Johns Avenue
  • 2 bed / 1 bath $650/month $7,800/year
  • 234 South 17th Street
  • 2 bed / 1 bath $700/month $8,400/year
  • 250 North College Street, Main
  • Unit 1: 1 bed / 1 bath $550/month $6,600/year
  • Unit 2: 1 bed / 1 bath $550/month $6,600/year
  • Unit 3: 1 bed / 1 bath $550/month $6,600/year
  • 255 South Stone Street
  • 2 bed / 1 bath $625/month $7,500/year
  • 324 South Monroe Street
  • 2 bed / 2 bath $750/month $9,000/year
  • 623 West William Street, Main
  • Unit 1: 1 bed / 1 bath $450/month $5,400/year
  • Unit 2: 1 bed / 1 bath $450/month $5,400/year
  • Unit 3: 1 bed / 1 bath $450/month $5,400/year
  • Unit 4: 1 bed / 1 bath $450/month $5,400/year
  • Unit 5: 1 bed / 1 bath $450/month $5,400/year
  • 654 West Grand Avenue
  • 2 bed / 1 bath $650/month $7,800/year
  • 725 West Center Street
  • 2 bed / 1 bath $700/month $8,400/year
  • 750 West Cushing Street
  • 3 bed / 1 bath $800/month $9,600/year
  • 840 West Wood Street
  • 2 bed / 1 bath $650/month $7,800/year
  • 843 West Macon Street, Main
  • Unit 1: 2 bed / 1 bath $650/month $7,800/year
  • Unit 2: 3 bed / 1 bath $700/month $8,400/year
  • 853 East Main Street, Main
  • Unit 1: 1 bed / 1 bath $500/month $6,000/year
  • Unit 2: 1 bed / 1 bath $500/month $6,000/year
  • 895 West Leafland Avenue
  • 3 bed / 2 bath $800/month $9,600/year
  • 941 East Cantrell Street
  • 3 bed / 2 bath $850/month $10,200/year
  • 963 North Mcclellan Street
  • 3 bed / 1 bath $900/month $10,800/year
  • Total $27,000/month $324,000/year
  • Expenses
  • Property Taxes $1,701/month $20,417/year
  • Waste Collection $650/month $7,800/year
  • Insurance (estimated) $900/month $10,800/year
  • Maintenance reserve $1,075/month $12,900/year
  • Property Management $2,700/month $32,400/year
  • Total $7,026/month $84,317/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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