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