Investment Overview

Marcus & Millichap is pleased to exclusively present a 29-unit apartment portfolio located in Macomb, Illinois. The property includes a unit mix of three (3) one-bedroom units, seven (7) two-bedroom units, eighteen (18) two-bedroom townhome units, and one (1) four-bedroom single family house. The property has a walk score of 78 with it being just steps away from Western Illinois University’s main campus and a half mile from downtown Macomb. 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 50 percent in Pro Forma without significant improvements. Through this NOI growth, an investor’s projected Cash-on-Cash could reach 27 percent in Pro Forma.