L
Seller's Agent in 2024
Laura Pritts
AXIS 360 LLC*
712 & 715 Golfcrest Rd Normal, IL 61761
40
Beds
20
Baths
20,328
Sq Ft
48,352
Sq Ft Lot
Highlights
- Central Air
- Normal Community High School Rated A-
- Heating Available
About This Home
As of February 2024Rare opportunity to achieve proven out value-add without spending significant money on improvements. Mechanicals, roof, common areas and units have been renewed, replaced or upgraded as needed to bring the buildings into excellent operating condition. Rents increased by 30-40% once upgrades were made, and future rent rolls are projected to increase by an additional 20-25% as leases are renewed at the higher rates.
Last Agent to Sell the Property
Laura Pritts
AXIS 360 LLC* License #471021573 Listed on: 10/09/2023
Last Buyer's Agent
Jenny Scott
Keller Williams Revolution License #471004842
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,616
Year Built
- Built in 1978
Lot Details
- 1.11 Acre Lot
- Lot Dimensions are 120x206x285x62x186
- Additional Parcels
Interior Spaces
- 20,328 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 40 Bedrooms
- 20 Bathrooms
Utilities
- Central Air
- Heating Available
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat, sewer
Community Details
Overview
- 20 Units
Building Details
- Electric Expense $9,000
- Insurance Expense $5,720
- Maintenance Expense $14,969
- Manager Expense $12,676
- Other Expense $9,803
- Trash Expense $2,439
- Water Sewer Expense $2,460
- Operating Expense $81,419
- Gross Income $197,148
- Net Operating Income $113,375
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/12/2024 02/12/24 | Sold | $1,256,250 | -16.0% | $62 / Sq Ft |
| 12/07/2023 12/07/23 | Pending | -- | -- | -- |
| 10/09/2023 10/09/23 | For Sale | $1,495,000 | -- | $74 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Agents Affiliated with this Home
-
-
J
Buyer's Agent in 2024
Jenny Scott
Keller Williams Revolution
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11862525
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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 IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID
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