St. Joseph Duplex Portfolio

204 Proctor Lane,
St. Joseph, IL 61873

5 Duplexes that are 100% occupied!

$665,000
Offering Price
8.06
GRM
$66,500
Price Per Unit
10
Number of Units
8.56%
Cap Rate
7,650
Building SF
$665,000
Offering Price
8.06
GRM
$66,500
Price Per Unit
10
Number of Units
8.56%
Cap Rate
7,650
Building SF

Investment Summary

  • A quality set of duplexes available for purchase individually, or as a portfolio. These duplexes are located on the SW side of St. Joseph, IL, roughly a 10 mile drive from Champaign-Urbana, or 20 miles to Danville, IL. The duplexes are located in the highly sought after St. Joseph-Ogden school district. The property has a strong rental history and owner/seller has recently started to bring back rental rates to market conditions. The duplexes are now 100% occupied and should be easy to rent out should any turnover occur going forward. Three of the five duplexes have new roofs, and a fourth duplex will get a new roof when the weather breaks for spring here in east central Illinois. The owner is a general contractor so the units have been well maintained.

Investment Highlights

  • Duplexes located in great school district!
  • Units mostly refurbished!

Location Summary

  • The Village of St. Joseph is located in St. Joseph Township, Champaign County, Illinois, United States. The population was 3,967 at the 2010 census. The public high school for this community is St. Joseph-Ogden High School, a school that combines students graduating from St. Joseph Middle School with students graduating from Prairieview-Ogden Junior High, with the majority of students coming from the St. Joseph area. Not all students within Prairieview-Ogden Junior High's district are within the high school's district. Some of these students will fall within the borders of Rantoul, IL or Thomasboro, IL high school districts instead. There is a mix of chain restaurants and locally owned restaurant in St. Joseph. Chain restaurants include Monical's Pizza, Dairy Queen, Subway, and Casey's Pizza. Locally owned restaurants include Padano's Pizza, Roch's Place, The Wheelhouse, Scratch, and El Toro. The grocery store, IGA, and the newest gas station, Jack Flash, also have fresh delis inside.
  • A quality set of duplexes available for purchase individually, or as a portfolio. These duplexes are located on the SW side of St. Joseph, IL, roughly a 10 mile drive from Champaign-Urbana, or 20 miles to Danville, IL. The duplexes are located in the highly sought after St. Joseph-Ogden school district. The property has a strong rental history and owner/seller has recently started to bring back rental rates to market conditions. The duplexes are now 100% occupied and should be easy to rent out should any turnover occur going forward. Three of the five duplexes have new roofs, and a fourth duplex will get a new roof when the weather breaks for spring here in east central Illinois. The owner is a general contractor so the units have been well maintained.
FOR MORE DETAILS CONTACT
Jon Fisher
Designated Managing Broker
(217) 202-0924
jonfisher1991@gmail.com
Illinois #471.020503