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: 19
Heating System: Natural Gas
Pool: No
Age: 51-60 Years
Parking Type: Space/s
Parking Spaces: 19
Room Count: 12
Water Front: No
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

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2016 Vawter Street is a multiple unit (2-4) which sold for $545,000. 2016 Vawter Street features 19 bedroom(s) and 4.0 bath(s). 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. Want to learn more about 2016 Vawter Street?