222 & 333 Capri Terrace | 222 Capri Ter
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222 & 333 Capri Terrace 222 Capri Ter
24 Unit Apartment Building $3,700,424 CAD ($154,184 CAD/Unit) 6.67% Cap Rate Wheeling, IL 60090
Investment Highlights
- Two Adjacent 12-unit Buildings
- (8) 1bd/1ba & (16) 2bd/1ba | Below Market Rents
- Twenty-four (24) surface parking spaces
- Opportunity for investor to renovate units and increase rents
- Opportunity for investor to renovate units and increase rents
- Capital Improvements: New Sewer Lines, Aluminum Windows & Roof Tear Off (2018)
Executive Summary
Kiser Group is pleased to exclusively present 222 & 333 Capri Terrace Located in the heart of Wheeling, IL. The property consists of two adjacent twelve unit California-style buildings. Each building is comprised of (4) 1bd/1ba & (8) 2bd/1ba units. There are (24) exterior parking spaces and coin laundry on-site.
Capital improvements include newer windows (2011) throughout, new hot water heaters (2021), new roofs (2018) and newer sewer lines (2012).
A new investor has the opportunity to acquire a great stable asset from day one. This deal also presents an opportunity to do cosmetic updates to the units and increase rents over 20%.
Capital improvements include newer windows (2011) throughout, new hot water heaters (2021), new roofs (2018) and newer sewer lines (2012).
A new investor has the opportunity to acquire a great stable asset from day one. This deal also presents an opportunity to do cosmetic updates to the units and increase rents over 20%.
Property Facts Under Contract
| Price | $3,700,424 CAD | Building Class | C |
| Price Per Unit | $154,184 CAD | Lot Size | 1.70 AC |
| Sale Type | Investment | Building Size | 20,732 SF |
| Cap Rate | 6.67% | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 2.7/1,000 SF |
| Apartment Style | Low Rise |
| Price | $3,700,424 CAD |
| Price Per Unit | $154,184 CAD |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.70 AC |
| Building Size | 20,732 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.7/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 625 |
| 2+1 | 16 | - | 750 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $80,026 CAD | |
| Land Assessment | $138,919 CAD | Total Assessment | $218,944 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$138,919 CAD
Improvements Assessment
$80,026 CAD
Total Assessment
$218,944 CAD
zoning
| Zoning Code | R-4 (Single Family Residence District) |
| R-4 (Single Family Residence District) |
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222 & 333 Capri Terrace | 222 Capri Ter
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