14 Unit Multifamily Investment - 13.7% Cap - Fully Renovated & Occupied

The multifamily property at 1730 N Water Street, Decatur, IL, is strategically located in a vibrant area with significant traffic exposure and a diverse demographic profile. Situated along North Water Street (U.S. Route 51), the property benefits from substantial daily traffic. According to the Illinois Department of Transportation, the area experiences an average daily traffic count exceeding 12,000 vehicles, ensuring high visibility for potential tenants and businesses. Within a 1-mile radius, the population is approximately 10,000 residents, featuring a median household income of $40,000. Expanding to a 3-mile radius, the population increases to around 35,000, with a median household income of $45,000. Within a 5-mile radius, the area encompasses about 60,000 residents, with a median household income of $50,000. The demographic composition is diverse, with a mix of age groups and a balanced representation of various ethnic backgrounds. This prime location offers excellent exposure due to high traffic volumes and access to a broad and varied tenant base, making it an attractive investment opportunity.Located at 1730 N Water Street in Decatur, IL, this fully renovated 14-unit multifamily property presents an exceptional investment opportunity with a strong 13% cap rate. The three-story building consists of 14 one-bedroom, one-bath apartments, each of which has been completely remodeled and updated with new flooring, fixtures, and appliances. The property also features a new roof, reducing future maintenance concerns and enhancing long-term value. This turnkey investment is fully occupied with fresh tenants, ensuring immediate and steady rental income. The building’s upgrades and strong rental demand make it an ideal opportunity for investors looking for a high-yield, low-maintenance multifamily asset in a growing market. Don't miss your chance to acquire a stabilized property with strong cash flow. Contact us today for more details!