10-12 N River Street Batavia, IL 60510
Other
MLS #: 12788874
Courtesy Of Keller Williams Inspire
Property InformationDescription
Great Investment Opportunity! 8.6 CAP RATE. In the heart of downtown Batavia, Mixed Use Multi Unit Historical Limestone Building. Remodeled and updated (Over a 1/3 of the building was taken down to studs in 2020) with value ad possibilities remaining! Low Vacancy 4 Residential Apartments, 1 Storefront Restaurant with beer garden in back and patio seating fronting to closed of River Street. CASH FLOW IS STRONG!. Three 2 Bedroom Apartments, One 1 Bedroom Apartment. Currently one floor of apartments are long term tenants, the other short term rentals with excellent occupancy rates. Updates include all 4 Residential units. Roof (2020), Windows (2020), Furnaces and almost all of the AC Units (Between 2020 and 2024). This building is a staple of downtown Batavia and will be for decades to come.
Features
- Age: Over 50 Years Old
- Building Units: 5
- Cooling System: Central Air
- Exterior Type: Combination
- Exterior Type: Brick
- Floors: 3
- MLSID: 12788874
MAP & DIRECTIONS
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