Metamora Apartments — Sale in Metamora, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Metamora, IL 61548

Photos

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Investment Figures

Cap rate
7.29%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the unique multifamily and RV park investment opportunity located at 517 E Monroe Street in Metamora, Illinois. The property consists of three apartment buildings paired with an adjacent lot currently utilized as an RV park, creating a diversified income-producing asset with multiple revenue streams. The RV park is designed to accommodate up to 40 recreational vehicles. The park generates annual rent of $480 per RV, providing investors with an additional source of recurring income alongside the apartment rental revenue. Current ownership has made meaningful capital improvements to the property, including substantial plumbing upgrades within one of the apartment buildings. These investments help reduce future maintenance requirements, improve the overall condition of the asset, and position the property for continued stable operations. The combination of completed capital improvements and a diversified income stream make this an attractive investment for buyers seeking dependable cash flow with the potential for long-term value appreciation. Investment Highlights: • Diversified Investment Featuring Three Apartment Buildings and an Adjacent RV Park • RV Park Accommodates Up to 40 Sites, Providing an Additional Recurring Income Stream • Recent Capital Improvements Including Significant Plumbing Upgrades

Market Context

This multifamily in Metamora, IL is listed for sale. It is offered at an approximate 7.3% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Metamora, IL — view the full market.

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