Multifamily
Adams St Portfolio
404 W Adams Rd, Macomb, IL 61455
Listing Price: $1,033,000
Investment Overview
Marcus & Millichap is pleased to exclusively present a 28-unit apartment portfolio located in Macomb,
Illinois. The property includes a unit mix of three (3) one-bedroom units, seven (7) two-bedroom units, and
eighteen (18) two-bedroom townhome units.
Being just steps away from Western Illinois University’s main campus and a half mile from downtown
Macomb, the property has a walk score of 78. Western Illinois University consistently enrolls more than
7,000 students each year. With the university offering few rental options nearby, this property is in a
prime location to attract students.
The property offers an investor the rare opportunity to immediately cash flow a portfolio of majority
townhome style units at a low basis. A new owner is projected to grow NOI 64 percent in Pro Forma after
completing interior renovations. Through this NOI growth, an investor’s projected Cash-on-Cash could
reach more than 17 percent in Pro Forma
Investment Highlights
- $200 Rental Upside per Unit
- 10.54 Percent Pro Forma CAP
- 17.17 Percent Pro Forma Cash-on-Cash
- Steps from Western Illinois University's Main Campus
Listing Price: $1,033,000
Investment Highlights
- $200 Rental Upside per Unit
- 10.54 Percent Pro Forma CAP
- 17.17 Percent Pro Forma Cash-on-Cash
- Steps from Western Illinois University's Main Campus
Investment Overview
Marcus & Millichap is pleased to exclusively present a 28-unit apartment portfolio located in Macomb, Illinois. The property includes a unit mix of three (3) one-bedroom units, seven (7) two-bedroom units, and eighteen (18) two-bedroom townhome units. Being just steps away from Western Illinois University’s main campus and a half mile from downtown Macomb, the property has a walk score of 78. Western Illinois University consistently enrolls more than 7,000 students each year. With the university offering few rental options nearby, this property is in a prime location to attract students. The property offers an investor the rare opportunity to immediately cash flow a portfolio of majority townhome style units at a low basis. A new owner is projected to grow NOI 64 percent in Pro Forma after completing interior renovations. Through this NOI growth, an investor’s projected Cash-on-Cash could reach more than 17 percent in Pro Forma

