1730 Water Street, Decatur, IL
$775,000
Active - Under Contract
0.29 Acres
About 1730 Water Street
INVESTMENT OPPORTUNITY – 14-UNIT MULTIFAMILY PROPERTY | 13% CAP RATE - Located at 1730 N Water Street in Decatur, IL, this fully renovated 14-unit multifamily property presents an exceptional investment opportunity with a strong 13% cap rate. The three-story building consists of 14 one-bedroom, one-bath apartments, each of which has been completely remodeled and updated with new flooring, fixtures, and appliances. The property also features a new roof, reducing future maintenance concerns and enhancing long-term value. This turnkey investment is fully occupied with fresh tenants, ensuring immediate and steady rental income. The building’s upgrades and strong rental demand make it an ideal opportunity for investors looking for a high-yield, low-maintenance multifamily asset in a growing market. Don't miss your chance to acquire a stabilized property with strong cash flow. Contact us today for more details!
Facts & Features
| MLS® # | 6250739 |
|---|---|
| Price | $775,000 |
| Bathrooms | 0.00 |
| Acres | 0.29 |
| Year Built | 1979 |
| Type | Single Family |
| Sub-Type | Multi Family |
| Status | Active - Under Contract |
| Taxes | $8,430 |
| Tax Year | 2023 |
Community Information
| Address | 1730 Water Street |
|---|---|
| Subdivision | Whitchels Add |
| City | Decatur |
| County | Macon |
| State | IL |
| Zip Code | 62526 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Appliances | Gas Water Heater, Range, Refrigerator, Cooktop, Disposal, Oven, Range Hood |
|---|---|
| Heating | Ductless, Electric, Hot Water |
| Cooling | Ductless, Window Unit(s) |
| Has Basement | Yes |
| Basement | Full, Finished |
| Fireplace | No |
| # of Stories | 3 |
| Stories | Three Or More |
Exterior
| Roof | Shingle |
|---|---|
| Construction | Vinyl Siding, Brick |
| Foundation | Basement |
School Information
| District | Decatur Dist 61 |
|---|
Additional Information
| Date Listed | February 24th, 2025 |
|---|---|
| Days on Market | 24 |
| Zoning | Other |
Listing Details
| Agent | Cole Babcock |
|---|---|
| Office | Vieweg RE/Better Homes & Gardens Real Estate-Service First |