Prime Investment Opportunity - 65-Unit Multifamily Property Near Millikin University Welcome to an exceptional investment opportunity! This 65-unit residential property offers strong income potential, strategically positioned just 1.5 miles from Millikin University. With a current cap rate of 7.71 0/0 and a GRM of 6.95, this asset is priced based on existing income figures-reflecting the low 66 0/0 occupancy rate, leaving significant upside for the savvy investor. Some recent renovations, the units provide modern, comfortable living spaces that attract both students and local residents, further enhancing the rental potential. Value-Add Potential Increase in Occupancy: With only 66 0/0 occupancy, there's a major opportunity to increase revenue and push returns even higher. Laundry Room Completion: Once finalized, this additional amenity will further enhance tenant satisfaction and generate additional income. This is more than just an investment-it's a turnkey opportunity with immediate income and long-term appreciation potential. Whether you're an experienced investor or looking to expand your portfolio, this property offers a rare chance to acquire a high-yield asset in a prime location. Don't miss out on securing this income-producing multifamily property-schedule a showing today!

Decatur is located in Illinois. Decatur, Illinois 62521has a population of 71,309. Decatur 62521 is less family-centric than the surrounding county with 16.08% of the households containing married families with children. The county average for households married with children is 24.83%.
The median household income in Decatur, Illinois 62521 is $45,111. The median household income for the surrounding county is $55,954 compared to the national median of $69,021. The median age of people living in Decatur 62521 is 39.9 years.
The average high temperature in July is 86.9 degrees, with an average low temperature in January of 18.8 degrees. The average rainfall is approximately 39.5 inches per year, with 13 inches of snow per year.