Investment Overview

Marcus & Millichap is pleased to present Briar Garden Apartments, 24-units located on Cherryvale Blvd Avenue in Rockford, Illinois. Rockford is the 3rd largest city and the state of Illinois. These very spacious units have a healthy mix of 7 one-bedroom / one-bathroom units and 17 two-bedroom / one-bathroom units, and one-bedroom are measuring approximately 845 SF while two-bedrooms are measuring approximately 1,150 SF, respectively. The property features , ample parking, carports, storage units, and private balconies or patios. Roughly 20 of the 24 units have been renovated with new vinyl plank floors, stainless steel appliances, bathrooms, and kitchen counters. Been professionally managed for the last 6 years by current ownership. Also leaving upside with renovating the remaining four units and installing washers and dryers in the laundry room. The subject property is located approximately 70 miles northwest of the downtown Chicago Loop, with convenient access to I-90, I-39, and highway 20. Public transportation is readily available, approximately ten miles from Rockford airport. The property is positioned directly east of Cherryvale Mall and is approximately a half-mile east of the Magic Waters Waterpark. The neighborhood Menards, Walgreen’s, and Starbucks are located within a few miles of the property. This investment offers an investor the opportunity to acquire a rare and well-maintained asset in Cherry Valley that is positioned by many retail, dining and entertainment options.