Address
3306 Boulder Ridge Drive, Champaign, IL
Price
$ 5,000,000
Property Attributes
- MLS#11845185
- TypeMulti-Family
- CountyCHAMPAIGN
- CityChampaign
- AreaChampaign - Savoy
- NeighborhoodKenwood
- Zip61822
- StyleMulti-Family
- Year Built2021
- Taxes$ 103822
- Price$ 5,000,000
- Bedrooms42
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Outstanding opportunity to own 22 one to three year old townhomes all in a single subdivision. huge Value add opportunity with future rent increases. Tenants pay for all utilities. Owners simply pay their insurance and HOA fees of $125/unit/year. Currently over $463000/annual income. With future projections to be at $554,400/annual income. Solar Panels have been installed on every home with EV Hookups in every garage. The Electric bills are next to nothing, saving your tenants money making them easier to rent. All maintenance free, easy to own town homes. The numbers work on this one. Some back up to fields, others back up to water. There is a community common areas less than 1 block away, and Subdivision park with trails, basketball and tennis courts, sledding hills, and skate park. Location is near University of Illinois and Parkland College. Full list of financials, leases, rent rolls on file.
| Price History | |
|---|---|
| 8/2/2023 | Listed $5,000,000 |
General Features
| Additional Parcels Y/N | Yes |
|---|---|
| City | Champaign |
| Construction Materials | Wood Frame |
| Cooling | Central Air, Heat Pump |
| County | Champaign |
| Current Use | Multi-Family |
| Days on Market | 8 |
| Directions | From Staley Rd, East on Boulder Ridge Dr. |
| Energy Efficient | Photovoltaic/Solar System |
| Gross Income | 477600 |
| Insurance Expense | 7700 |
| MLS Area | Champaign, Savoy |
| Net Operating Income | 371028 |
| Operating Expense | 106572 |
| Possession | Negotiable |
| Possible Use | Multi-Family, Single Family |
| Property Type | Multi Family 5+ |
| Property Type | Commercial Sale |
| Roof | Composition |
| Standard Status | Active |
| Status | Active |
| Stories | 2 |
| Street Name | Boulder Ridge |
| Tax Annual Amount | 103822 |
| Tax Year | 2022 |
| Tenant Pays | Air Conditioning, Electricity, Heat, Scavenger, Sewer, Water, Hot Water |
| Total Units | 22 |
| Township | Champaign |
| Utilities | Sanitary Sewer, Water-Municipal |
| Virtual Tour | https://tours.illini360.com/3306-Boulder-Ridge-Dr/idx |
| Year Built | 2021 |
| Zoning | MULTI |
Interior Features
| Basement | None |
|---|---|
| Street Suffix | Drive |
Exterior Features
| Exterior | Vinyl Siding |
|---|---|
| Foundation Details | Concrete Perimeter |
| Frontage Type | City Street |
| Lot Dimensions | 27.22X110X46.93X110 |
| Total Parking | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 61822
Price
Taxes
Visits
Year Built
