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3100 BUTLER Street Springfield ,
Illinois IL 62703 Status Closed
Sold Date 12/14/2023
SqFt
36,828
County Sangamon
Subdivision None
Year Built 1978
Property Type Residential Income
Property Sub Type Residential Income
Description
Stabilized Class C property generating a $25,000 monthly GPR with room to grow! Located in Southeast region of Springfield, Lakeside Village is an established complex operating three 12 unit apartment buildings. Total of 36 2BR/1BA units large parking lot & well maintained privacy fenced grounds. Individually metered all electric units with shared water meters (owner pays) & common coin laundry (income). Owner provides 2022 Profit/Loss totals, Q1 P/L, April 2023 Rent Roll, 2023 P/L projection, and says bring your offer.
Property Type
Residential Income
Property Sub Type
Residential Income
Parking Features
Guest Parking
Parking Total
50
Lot Size Dimensions
Irregular
Lot Features
Corner Lot, Level
County
Sangamon
Subdivision
None
Year Built
1978
Basement
Unfinished
Heating
Electric, Forced Air, Central Air
Interior Or Room Features
Cable Available
Laundry Features
Common Area, Owned Equipment
Number Of Dishwashers
36
Number Of Dryers
3
Number Of Refrigerators
36
Number Of Washers
3
Number Of Units Total
36
Structure Type
Apartment Building
Roof
Cement, Shingle
Water Source
Public Sewer, Public
Exterior Features
Fence
Foundation Details
Block
Road Surface Type
Paved
Number Of Central Air Units
36
Number Of Electric Meters
36
Number Of Heating Units
36
Number Of Water Heaters
36
Number Of Water Meters
3
Number Of Ranges
36
Manager On Site
no
Directions
CORNER OF BUTLER & LAKE VICORIA DR, 1 BLOCK FROM STEVENSON
High School
Springfield District #186
100 Year Plain
Unknown
MLS Area Minor
Springfield
Gross Income
305484
Gross Scheduled Income
302448
Miscellaneous Annual Income
3036
Net Operating Income
290700
Lease Term
Variable
Tax Annual Amount
14784
Tax Year
2022
Tenant Pays
Electricity
Current Financing
Cash Only, Conventional
Disclosed Short Sale
N
Buyer Agency Compensation
1.75
Dual Variable Compensation
no
Documents Available
Other
Documents Count
4
© Copyright 2024 RMLS Alliance. All rights reserved. This information is provided for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance. Real estate listings held by brokerage firms other than WHY USA Schramm and Associates are marked with the RMLS logo and detailed information about them includes the name of the listing brokers.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. The offer is made only to Participants of the MLS where the listing is filed
The RMLS data on this page was last updated on Thursday, March 28th, 2024.
Listed by: The Real Estate Group, Inc. Mobl: 217-741-4040