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    644 Pells Street

    Paxton, IL 60957
    • $3,000,000
    • STATUS: Closed
    • ON SITE: 492 days
    • MLS #: 10430612
    Sold - 10/27/2020
    $3,000,000
    SOLD - 10/27/2020
    • 0
      BEDS
    • 5.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 52,500
      SQFT
    • $57
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1980
    County:
    Area:

    School Ratings & Info

    Description

    SENIOR LIVING CENTERS - 80 UNITS IN 3 LOCATIONS! PAXTON/GIBSON CITY/HOOPSTON all within 30 miles of each other. Fully leased, listed at a 9 cap equal to $40,000 per unit. Perfect for HUD 2530/Rural Development HAP Assignment buyers!! Properties are in sound condition! To retain occupancy, buyer must meet Section 8/HUD requirements. Gibson City - 24 units/ Paxton - 24 units/Hoopston - 32 units. Owner will not sell individually.

    Sold by Non Member.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2020-10-30T23:51:00.3 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    644 Pells Street Paxton, IL 60957

    • Price: $3,200,000
    • Status: Closed
    • Updated: 166 min ago
    • MLS #: 10430612
    0
    Beds
    0
    Baths
    0
    ½ Baths
    5.09
    Acres
    52,500
    SQFT
    $57
    $/SQFT
    1980
    Built
    Neighborhood:
    Paxton
    County:
    Ford
    Area:
    Paxton
    Property Description
    SENIOR LIVING CENTERS - 80 UNITS IN 3 LOCATIONS! PAXTON/GIBSON CITY/HOOPSTON all within 30 miles of each other. Fully leased, listed at a 9 cap equal to $40,000 per unit. Perfect for HUD 2530/Rural Development HAP Assignment buyers!! Properties are in sound condition! To retain occupancy, buyer must meet Section 8/HUD requirements. Gibson City - 24 units/ Paxton - 24 units/Hoopston - 32 units. Owner will not sell individually.
    Exterior Features

    Construction Wood Frame Foundation Concrete Frontage Access City StreetPublic Road Land Amenities ClubhouseLighting/ExteriorSidewalks Location Park Adjacent Lot Dimensions 235X210X75X210X394X697X677X395X60 Lot Sq Ft 221916 Number Of Parking Spaces 80 Roof Coverings Shingle Composition

    Interior Features

    Air Conditioning Wall Sleeve Basement Description Slab Miscellaneous Inside Common Meeting Room/SHandicapped AccessHandicapped Equip Washroom/S Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 1 Number Of Bedrooms Unit2 0 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Dishwashers 0 Number Of Dryers 80 Number Of Fireplaces 0 Number Of Full Bathrooms Type1 1 Number Of Ranges 80 Number Of Refrigs 80 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 4 Number Of Rooms Unit2 0 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Stories 1 Number Of Units Apt Type1 80 Number Of Units Apt Type2 0 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Number Of Washers 80 Outdoor Parking 51-100 Spaces Repairs Decor Expense 104349

    Property Features

    Age 16-25 Years Built Before1978 YN No Current Use Residential-Multi-FamilyElderly Housing Electric Expense Source Actual Electricity Expense 12019 Expense Year 2018 Exterior Building Type Vinyl Siding Fuel Expense 0 Fuel Expense Source Actual Gross Rental Income Amount 539007 Heat Ventilation ElectricBaseboardSeparate Per Unit Insurance Expense 17026 Insurance Expense Source Actual Janitor Expense 0 Janitor Expense Source Actual Known Encumbrances None Known Miscellaneous Outside Balcony/IesHandicapped AccessPatioSecurity Lighting Monthly Income Max1 576 Net Oper Income Amount 280396 Net Operating Income Year 2018 Number Of Window Ac 80 Other Expense Source Actual Other Expenses 15713 Owners Assoc YN No Possession Closing Potential Use Residential-Multi-FamilyElderly Housing Tax Year 2018 Taxes 69248 Tenant Pays Varies By Tenant Total Annual Exp 258611 Total Annual Expense Source Actual Total Annual Income 539007 Total Monthly Income 44917 Township Patton Type Multi Family Corridor-Exterior EntranceSenior Unincorporated YN No Washer Dryer Lsd YN No Water Expense 5360 Water Expense Source Actual Zoning Type Multi

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Mccolly Bennett Real Estate.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2020-10-30T23:51:00.3 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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