Closed

$545,000

Favorite

beds

baths

2016 Vawter Street

Urbana, Illinois 61801

Closed / MLS #11411363 / Multiple Unit (2-4) / Urbana

Listing information updated 6/22/2022 at 3:03pm

We are please to offer 19 clean, sunny, and oversized (800 sqft) 2bedroom units at 2014/2016 South Vawter. These units have plenty of rent increase opportunity and are currently rented at an average 550 per month. For a new owner interested in using them as section 8 housing they can expect 750-850 per unit. Many of the units are recently remodeled with new flooring, new paint jobs, new counters, and new appliances. Both buildings received brand new roofs and gutters in 2020. Currently 12 units are rented with monthly gross rents totaling 6,530 per month. With all 19 rented gross monthly rents project to over 10,000 per month. Tenants enjoy a shared driveway and a large parking lot with 19 spots. As a bonus all units in 2014 South Vawter have in unit washer and dryers while 2016 South Vawter provides a common area laundry room. In total over 20 new windows have been installed under current ownership. All units are separately metered and tenants are responsible for paying their own electric/gas and water. The landlord pays the common area electric, house water(2016 only for laundry), sewer, and trash. Additional information available for buyers with strong interest. Owners have managed the property themselves.

Full Features

Exterior Type:

Cedar

Basement:

None

Beds Above Grade:

Heating System:

Natural Gas

Pool:

Age:

51-60 Years

Parking Type:

Space/s

Parking Spaces:

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

Less Than .25 Acre

Taxes & Assessments

Tax Amount:

$13,380

Tax Year:

2020

Location

Zip Code:

61801

City:

Urbana

County:

Champaign

Schools

School District(s):

116

Elementary School:

Thomas Paine Elementary School

Middle School:

Urbana Middle School

High School:

Urbana High School

Listing Office: Beringer Realty

Listing Office Phone: 217.834.8300

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 6/22/2022 at 3:03pm. 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.

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2016 Vawter Street is a multiple unit (2-4) which sold for $545,000. 2016 Vawter Street features 19 Beds, 4 Baths. This multiple unit (2-4) has been listed on @properties since May 20th, 2022 and was built in 1967. Nearby schools include Thomas Paine Elementary School, Urbana Middle School, and Urbana High School.