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www.MainPlace.us/commercial
Investment Sale9 Unit – Garden Apartments
Chris HarrisonReal Estate Broker
Zane PetersonReal Estate Broker
540 W. Main Street – Decatur, IL 62522
• 9 unit apartment building (five 2 bdrms / four 1 bdrm)• All brick and steel construction, built in 1961• Total square feet: 8,760• All units renovated: flooring, appliances, fresh-paint• All units separate electric metered • Rent roll and financials available upon request
www.MainPlace.us/commercial
540 W Main St – Decatur, IL9 Unit – Garden Apartments
Chris HarrisonReal Estate Broker
Zane PetersonReal Estate Broker
Financial Proforma Snapshot
Rent Roll
monthly annual
Unit #1 (2br/1ba 1,800 sf) $ 765 $ 9,180
Unit #2 (1br/1ba 725 sf) $ 525 $ 6,300
Unit #3 (2br/1ba 850 sf) $ 550 $ 6,600
Unit #4 (2br/1ba 975 sf) $ 665 $ 7,980
Unit #5 (1br/1ba 725 sf) $ 470 $ 5,640
Unit #6 (1br/1ba 725 sf) $ 540 $ 6,480
Unit #7 (2br/1ba 900 sf) $ 640 $ 7,680
Unit #8 (2br/1ba 975 sf) $ 625 $ 7,500
Unit #9 (1br/1ba 725sf) $ 475 $ 5,700
TOTAL $ 5,255 $ 63,060
Sales Price: $375,000
Annual Rent: $63,060 Vacancy 10%: $6,306
Gross Operating Income: $56,754
Total Expenses: $22,419 39.5%
Net Operating Income: $34,335 60.5%
Capitalization Rate: 9.16%
www.MainPlace.us/commercial
540 W Main St – Decatur, IL9 Unit – Garden Apartments
Chris HarrisonReal Estate Broker
Zane PetersonReal Estate Broker
Capital improvements in past three years
High Efficiency Boiler $28407
HVAC $5468
Appliances $9638Flooring $3800Fence / Gates $1822
LED Light Fixture $800Security Cameras $500Water Heater $9700
$ 60,135
www.MainPlace.us/commercial
Investment Sale9 Unit – Garden Apartments
Chris HarrisonReal Estate Broker
Zane PetersonReal Estate Broker
Pictures of remodeled unit
www.MainPlace.us/commercial
Investment Sale9 Unit – Garden Apartments
Chris HarrisonReal Estate Broker
Zane PetersonReal Estate Broker
Demographic Snapshot – 1 mile radius
www.MainPlace.us/commercial
Investment Sale9 Unit – Garden Apartments
Chris HarrisonReal Estate Broker
Zane PetersonReal Estate Broker
540 W Main St – Aerial View
Contact brokers for details!
