Rantoul, Illinois Apartment Portfolio

Colliers International Multi-Family Advisory Group
Rantoul, Illinois
Apartment Portfolio
82 Units
Price: $2,150,000
Price Per Unit: $26,220
Cap Rate: 8.79%
Current GRM: 5.21
Unit Mix
# of Unit
Unit Type
Monthly
Rent/Unit
Monthly
Income
Monthly
Rent/Unit
Monthly
Income
18
1 Bdr 1 Bath
$335 - $390
$6910
$400
$7,200
11
1 Bdr 1 Bath
$325 - $330
$3620
$355
$3,905
20
2 Bdr 1 Bath
$450 - $495
$9,090
$460
$9,200
30
2 Bdr 1 Bath
$335 - $445
$11,955
$400 - $455
$12,190
2
2 Bdr 1 Bath
$375 - $385
$760
$395
$790
1
2 Bdr 1 Bath
$400
$400
$425
$425
Financials
Financials
Scheduled Monthly Rent
$32,735 $33,710
Scheduled Annual Rent
$392,820 $404,520
Laundry
$20,148 $20,148
Scheduled Gross Income
$412,968 $424,668
Vacancy Reserve 7%
$27,497
7%
$28,316
GROSS OPERATING INCOME
$385,471 $396,352 Annualized
Expenses
Taxes
Insurance
Gas
Electric & Water
Scavenger
Janitor
Management
Maint/Repairs
Pest
Miscellaneous
Total Expenses
NET OPERATING INCOME: Year-End
$29,396 $10,436 $33,156 $64,584 $5,736 $15,140
$19,641
$12,300
$2,088
$4,100
Post-Sale
$31,160 $10,749 $34,151 $66,522 $5,908 $15,594 $20,226 $12,669
$2,151 $4,223
$196,577
$203,352
$188,894 $193,000 For more information about this investment opportunity, please contact
Multi-Family
Advisory Group
DAVID BILFELD
BOB CRAIG
JAMES BERNER Senior Vice President
312.612.5935
dbilfeld@colliersbk .com
Student Housing Advisor
312.612.5937
bcraig@colliersbk .com
Associate
312.612.5936
bcraig@colliersbk .com
200 S. Wacker Drive, Suite 700 • Chicago, IL 60606
P: 312.648.9150 • F: 312.648.9149
6250 N. River Road, Suite 11-100 Rosemont, IL 60018
P: 847.698.8444 • F: 847.698.8445
267 O f f ices • 57 Co u ntr ies • 6 Co ntinents
Colliers International Multi-Family Advisory Group
Rantoul, Illinois
Apartment Portfolio
82 Units
CHICAGO
300 N DRIVE
707 E CONGRESS
RANTOUL
603 S MAPLEWOOD
CHAMPAIGN
INDIANAPOLIS
investment overview
investment Highlights
This investment opportunity is comprised of twenty-nine (29)
one-bedroom one-bath apartments measuring approximately 540
square feet and fifty-three (53) two-bedroom one-bath apartments
measuring between approximately 650 and 790 square feet.
°° 100% Occupied.
All three properties have seen numerous upgrades and capital
expenditures Improvements include: newer roofing, boiler, hot
water heaters, furnaces’, carpet, and appliances. In addition, a
majority of the units are individually metered for utilities. Each
property features ample parking, and laundry facilities. All three
properties run at historically high occupancy levels and are each
presently 100% occupied, significantly above the market average.
°°On-site Laundry
This offering allows for a potential investor to acquire three
(3) well managed, maintained, and 100% occupied apartment
buildings. This potential investor has the opportunity continue
with current operations or raise rents to market levels in order to
achieve an even higher cash flow.
°°Significant Percentage of Two Bedroom Apartments.
°°Numerous Upgrades
°°Parking
Location Highlights
°° 15 Miles Northwest of Champaign, IL Home to the University
of Illinois
°°Easy Access to Champaign Ave and Rantoul shopping
destinations
°°Less than 1/2 Mile from Chanute Air Force Base
°°Two hour drive to Chicago and Indianapolis
Multi-Family
Advisory Group
267 O f f ices • 57 Co u ntr ies • 6 Co ntinents