Callie Miller
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
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.
Property Highlights
Property Type: Commercial - Business
Building Description: 3.0 stories
Year Built: 1900
General Information
County: Kane
Listed By:
Keller Williams Inspire
630-262-9500
MRED MLS
MLS ID: 12788874
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10-12 N River Street , Batavia, IL 60510.
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563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,775,000 | $1,775,000 | $1,775,000 |
| Down Payment | $62,125 | $0 | $355,000 |
| Monthly Mortgage Amount | $11,449 | $12,216 | $9,808 |
| Taxes | $2470 | $2470 | $2470 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $1,066 | $0 | $0 |
| Monthly Estimated Total | $15,503 | $15,204 | $12,796 |
Callie Miller
REALTOR®
Cell: (563) 676-9109
Licensed in Iowa
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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