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0 Beds

$2,000,000

551-564 N Clarence Avenue, Watseka IL, 60970

Built in1990
Property typeMulti-family
Listed by Buck Tamblyn with McColly Bennett Real Estate 815-549-4301

Overview

Under contract

Contingent

Listed May 19, 2021

Updated Jun 11

GILMAN/WATSEKA - FOR SALE - 54 TOTAL UNITS - SUBSIDIZED SENIOR HOUSING - All 2 unit buildings (27 total buildings plus 1 office/recreational building) 42 units in Watseka, 12 units in Gilman. Currently tied into Rural Development/USDA loans and subsidized via USDA/RD/HUD. Any and all buyer must be qualified to acquire USDA/RD properties to continue with the subsidy structured payments. 48 - one bedroom units and 6 two bedroom units. Properties are in "Good" condition. Out of state owners are looking to liquidate their Illinois assets. Financials available to qualified buyers.

$13,306/mo

Est. mortgage payment based on a $2,000,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$20,731
Tax Frequency
Annually
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Listed by Buck Tamblyn with McColly Bennett Real Estate 815-549-4301

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