2017 Philo Road Urbana, IL 61802
Other
MLS #: 12345809
Courtesy Of eXp Realty, LLC
Property InformationDescription
This 24-unit apartment building in Urbana, Illinois, offers a rare and highly sought-after opportunity for investors seeking a true value-add project. All units are currently vacant and in need of renovation, presenting significant upside through capital improvements and repositioning. Each unit is a 1-bedroom, 1-bath layout similar to stabilized properties nearby, with market rents ranging from 850 dollars per month after rehab. The property is located near the intersection of Silver Street and Philo Road - a central Urbana neighborhood with strong rental demand from students, professionals, and Section 8 tenants. Whether you're a seasoned investor or new to multifamily repositioning, this asset is ideal for increasing long-term equity and generating strong returns in a proven rental market.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 24
- Legal Description: LOTS 510, 511 ENNIS RIDGE 6TH SUB
- MLSID: 12345809
MAP & DIRECTIONS
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