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503-505 Park St
Waterloo, IL 62298

$1,500,000 USD

Apartments For Sale • 16,500 SF

Property Details

Property Type Apartments
Total Building Size 16,500 SF
Lot Size 0.58 AC
Building Class B
Year Built 1922
Cap Rate 7.09 %
Zoning WI1

0 Transit Score

57 Walk Score

                
                    Highlights
                
                                Assumable Fannie Mae loan in place.  30 year amort, 3.75% fixed interest until 12/1/2032
                            
                                Individual meters on all utilities
                            
                                Rent increases in October 2024

Property Flyers

Park Street Apartments - flyer

Combined APOD reports

Financial Summary (Actual)

Net Operating Income: $106,417 USD (2023)

Cap Rate:	7.09 %
Total Expenses:	$47,395 USD

Amenities

24 Hour Access
Dishwasher
Microwave
Washer/Dryer
Refrigerator
Range
Smoke Detector

Public Transportation

Airport	Drive	Walk	Distance
Scott AFB/Midamerica St Louis	54 min	-	31.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	39
Type:	Surface
Included in Rent:	Yes

Terry Heimann 618-580-6390 Gateway Commercial Real Estate

503-505 Park St Waterloo, IL 62298