EIU Student Housing #1, Charleston, Illinois 61920

NO LONGER AVAILABLE
Available Negotiable
Package: 15 properties
Schedule a showing

For more information on this property, please contact:

Alex Ruggieri

Vice President Brokerage

217-841-4382

Property description

West Grant/University Group: These properties are all located within blocks of the Eastern Illinois University campus, in Charleston, IL. Charleston is the largest city in Coles County (www.co.coles.il.us). EIU has been consistently named one of the top mid-western public universities in its class by U.S. News & World Report; and The Princeton Reviews Best Midwestern Colleges (www.eiu.edu). EIU produces more doctoral students than any other masters institution in Illinois; they were among the top 5 percent nationwide.

Eastern Illinois University is 135 miles from St. Louis, 120 miles from Indianapolis, and 180 miles from Chicago. Property Included in this package is fifteen different units. All within walking distance (blocks) of the campus. Each unit has been well maintained and cared for. This portfolio is made up of six duplex and three houses. The units have two to three bedrooms and one to three bathrooms. There is either driveways with garages or off street parking for each tenant. We have five other EIU portfolios that could be added. Each with a variety of homes and apartments, that have been well managed.

Features & amenities

  • Property Type: Multifamily
  • 100% leased for 2009-2010
  • 100% leased for 2010-2011
  • All utilities available
  • Building Class: B
  • Can add other portfolios nearby
  • Current CAP: 7.38%
  • Current GRM: 7.71
  • Location Class: B
  • Near W. Lincoln Ave.
  • No. of buildings: 15
  • Off street parking available
  • Price per unit: $84,333
  • Total units: 15
  • Well maintained

Map & directions

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