10-12 N River Street, Batavia, IL 60510
sale
$1,775,000
|
Other
Courtesy Of Keller Williams Inspire
Great Investment Opportunity! 8.6 CAP RATE. In the heart of downtown Batavia, Mixed Use Multi Unit Historical Limestone Building. Remodeled and updated (Over a 1/3 of the building was taken down to studs in 2020) with value ad possibilities remaining! Low Vacancy 4 Residential Apartments, 1 Storefront Restaurant with beer garden in back and patio seating fronting to closed of River Street. CASH FLOW IS STRONG!. Three 2 Bedroom Apartments, One 1 Bedroom Apartment. Currently one floor of apartments are long term tenants, the other short term rentals with excellent occupancy rates. Updates include all 4 Residential units. Roof (2020), Windows (2020), Furnaces and almost all of the AC Units (Between 2020 and 2024). This building is a staple of downtown Batavia and will be for decades to come.
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Property Features
- Age: Over 50 Years Old
- Building Units: 5
- Cooling System: Central Air
- Exterior Type: Combination
- Exterior Type: Brick
- Floors: 3
- MLSID: 12788874
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