Green Dale Apartments

Rockford, IL

  • Type: Multifamily

  • Sale Price: $1,492,000

  • Cap Rate: 8.00%

  • Unit Price: $37,727

  • Date: 5/14/2020

  • Represented: Marengo seller, Wisconsin buyer

 

The average rent per square ft of the comparable rental properties for a 2 bed is $0.93. The property currently has rental rates between $0.73-0.83. The buyer will upgrade the units with vinyl plank and increase rents.

Upside Potential - The average rent per square foot of the comparable rental properties is for 2 bed is $0.93. The property currently has rental rates of between $0.73-0.83. Buyer is upgrading units with vinyl plank to increase rents. 

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