Broadway St | 715 W Broadway St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Broadway St 715 W Broadway St
4 Unit Apartment Building $501,781 CAD ($125,445 CAD/Unit) 6.90% Cap Rate Sparta, IL 62286
Investment Highlights
- Two Buildings, One Parcel
- Cash Flow is the key!
- 0.960 Acres
Executive Summary
Fantastic cash flow opportunity! This fully updated 4-unit property is located on a large parcel with two separate buildings. The property features: Two 2-bedroom, 1-bath units rented at $900/month (tenant pays gas & electric) One 1-bedroom, 1-bath unit rented at $900/month (all utilities included) One studio unit rented at $750/month (all utilities included) Landlord covers water, trash, and lawn care. With a total monthly income of $3,450, this property offers excellent potential for steady returns. Well-maintained and low-maintenance, it’s the perfect addition to your investment portfolio!
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$59,370
|
$14.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,750
|
$1.19
|
| Effective Gross Income |
$54,621
|
$13.66
|
| Taxes |
$3,895
|
$0.97
|
| Operating Expenses |
$16,119
|
$4.03
|
| Total Expenses |
$20,014
|
$5.00
|
| Net Operating Income |
$34,607
|
$8.65
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $59,370 |
| Annual Per SF | $14.84 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,750 |
| Annual Per SF | $1.19 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $54,621 |
| Annual Per SF | $13.66 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,895 |
| Annual Per SF | $0.97 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $16,119 |
| Annual Per SF | $4.03 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $20,014 |
| Annual Per SF | $5.00 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $34,607 |
| Annual Per SF | $8.65 |
Property Facts
| Price | $501,781 CAD | Property Subtype | Apartment |
| Price Per Unit | $125,445 CAD | Apartment Style | Townhome |
| Sale Type | Investment | Building Size | 4,000 SF |
| Cap Rate | 6.90% | Average Occupancy | 75% |
| Gross Rent Multiplier | 6.03 | No. Stories | 1 |
| No. Units | 4 | Year Built/Renovated | 1978/2024 |
| Property Type | Multifamily |
| Price | $501,781 CAD |
| Price Per Unit | $125,445 CAD |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| Gross Rent Multiplier | 6.03 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Size | 4,000 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built/Renovated | 1978/2024 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,291 CAD | - |
| 1+1 | 1 | $1,291 CAD | - |
1 of 1
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Broadway St | 715 W Broadway St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.