2305-2309 Cherry Hills DrSpringfield, IL 62704

For Sale
$1,900,000

24-Unit Apartment Complex, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 24-unit multifamily property located at 2305-2309 CHERRY HILLS Drive, Springfield, IL 62704. The property consists of two buildings, each featuring 12 fully remodeled units. These units underwent a complete renovation in 2019, boasting brand new HVAC systems, flooring, kitchens, bathrooms, and fresh paint throughout. This ensures high-quality living spaces for tenants and minimizes future maintenance needs. The property's strategic location adjacent to Hy-Vee and in close proximity to shopping centers, schools, and other amenities makes it highly desirable and attractive to a wide range of renters, contributing to strong occupancy rates and consistent rental income. The asking price for this turnkey investment is $1,900,000. While the square footage is believed to be accurate, it is not guaranteed. This property represents a compelling addition to any real estate portfolio, offering a blend of immediate income generation and long-term appreciation potential. Don't miss this chance to acquire a well-maintained, high-demand multifamily complex in a thriving Springfield neighborhood.

Highlights

  • $1,900,000 asking price.
  • 24-unit multifamily property (duplex/triplex/quadruplex).
  • Located in Springfield, IL, at 2305-2309 CHERRY HILLS Drive, zip code 62704.
  • All 24 units fully remodeled in 2019 with new HVAC, flooring, kitchens, and bathrooms.
  • Desirable location near Hy-Vee and amenities.

Property Details for 2305-2309 Cherry Hills Dr

Property type
Multifamily properties, Apartment buildings
Units
24

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.7737189
Longitude
-89.6734856
2305-2309 Cherry Hills Dr, Springfield, Illinois

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2305-2309 Cherry Hills Dr
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