152 Unit Multifamily Property For Sale Victorian Apartments Montgomery IL

PRICE REDUCED!

CALL FOR OFFERS DUE tuesday MAY 5TH, 2021 @ 5Pm

Victorian Apartments

  800-834 Victoria Dr. Montgomery, IL 60538

LISTING PRICE: $14,250,000  $13,950,000

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[table] Cap Rate, 6.13% Number of Units, 152 GRM, 8.05 Occupancy, 95% Price/Unit, $91776 Price/Gross SF, $130.13 Gross SF, 107200 [/table]

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Investment Highlights

• 152 Unit Suburban Multifamily Property
• 32 Studios, 72 One-Bedrooms & 48 Two-Bedrooms
• Clubhouse with Office, Laundry Facilities, Fitness Area, Outdoor Pool, and Courtyard
• Located in Montgomery Illinois | 40 Miles Southwest of Downtown Chicago
• Upgraded Kitchens and Baths
• Tenant Paid Electric Baseboard Heat
• Value-add component, upside in rents

Map Overview

Investment Overview

Marcus & Millichap is proud to present to market Victorian Apartments, a 152-unit apartment community located in west suburban Montgomery, Illinois bordering Kendall County to the South, the fastest growing county in Illinois, and the City of Aurora, IL to the East, the second-largest city in Illinois.

The subject property is approximately 40 miles southwest of downtown Chicago. Victorian Apartments consists of 16 two and three-story apartment buildings and clubhouse spread out over almost 10 acres; offering 32 large studios, 72 one-bedrooms, and 48 two-bedroom apartment homes. Community amenities include a clubhouse, an on-site management office, laundry facilities, a fitness area, an outdoor pool, a central courtyard area with a playground, and ample off-street parking. Each unit has separately metered, tenant paid, low maintenance, electric baseboard heating, and ac sleeve units. Units have updated kitchens and baths.

 

https://www.creconsult.net/listings/152-unit-multifamily-property-for-sale-victorian-apartments-montgomery-il/

Multifamily Property Sales in Naperville and Aurora | eXp Commercial

Maximizing Your Success in Multifamily Property Sales in Naperville and Aurora

Introduction

Achieve unparalleled success in multifamily property sales in Naperville and Aurora with the strategic expertise of Randolph Taylor and the eXp Commercial team. Our dedicated approach ensures your property stands out in the competitive market. Discover innovative sales strategies on eXp Commercial's website and see how we can elevate your property's profile.

Why eXp Commercial is Your Ideal Partner

Tailored Expertise for the Naperville and Aurora Markets Randolph Taylor brings unparalleled insights into the multifamily property landscape of Naperville and Aurora. Leveraging his extensive experience, we position your property for maximum exposure and optimal sales outcomes. Dive deeper into our market analysis techniques here.

Comprehensive Marketing Strategies At eXp Commercial, we don't just list your property; we launch it. Our comprehensive marketing strategies ensure your listing reaches a wide, qualified audience. From digital marketing to traditional advertising, we cover all bases. Learn about our unique approach here.

The eXp Commercial Advantage

Our commitment to your success is unmatched. Partnering with us means gaining access to cutting-edge tools, detailed market insights, and a team that's dedicated to achieving the best possible outcome for your multifamily property sale in Naperville and Aurora.

Conclusion

Don't leave your multifamily property sale in Naperville and Aurora to chance. Let Randolph Taylor and the eXp Commercial team guide you to success. Our expertise, tailored strategies, and unwavering dedication are the keys to unlocking your property's potential.

[row v_align="middle" h_align="center"] [col span__sm="12" align="center"] [button text="Schedule Call" color="secondary" size="large" radius="99" link="https://meetings.salesmate.io/meetings/#/expcommercial/scheduler/call" target="_blank"] [/col] [/row] https://www.creconsult.net/market-trends/multifamily-property-sales-in-naperville-and-aurora-exp-commercial/

Maximize Returns with Top Aurora & Naperville Multifamily Brokers

Maximize Returns with Top Aurora & Naperville Multifamily Brokers

The multifamily real estate market in Aurora and Naperville presents unique opportunities for property owners. Our latest report, crafted by distinguished Aurora and Naperville apartment building brokers, offers essential insights for those looking to navigate this competitive landscape.

What you'll discover:

• Rent Trends: How does your property compare in the current market?
• Vacancy Insights: What the latest figures mean for your strategy.
• Market Growth: Identifying Opportunities Amidst the Competition.

As trusted brokers specializing in the Aurora and Naperville multifamily markets, we bring unmatched expertise to the table. Our analysis is tailored for owners ready to maximize their investment through strategic listing and selling.

Why download our report?
Gain a competitive edge with our in-depth analysis and make informed decisions that could significantly impact your property's market performance.

Call to Action:
Don't miss out on leveraging your multifamily property's full potential. Download our comprehensive Aurora and Naperville market report today.

[row v_align="middle"] [col span__sm="12" align="center"] [button text="Request Report" color="secondary" radius="99" link="https://expcommercial.salesmate.io/webforms/#/71c9877f-e71b-48a9-988f-0c58a8524c56" target="_blank"] [/col] [/row] https://www.creconsult.net/market-trends/maximize-returns-with-top-aurora-naperville-multifamily-brokers/

Cost Set Deadline

Cost Segregation Deadlines: Tax Year 2023
A reminder to our clients with acquisitions in 2023 or who have made improvements to their property in 2023: you can benefit from a Cost Segregation Study to substantially increase your tax deductions.
The deadline for this with our national partners is 2/29/2024.
Please contact us to make a request before it is too late!
https://www.creconsult.net/partners/

eXp Commercial Launches Commercial Real Estate Specialty Committees

eXp Commercial continues to build and refine its tools and offerings and is launching product specialty committees designed to help its agent advisors continue to get support specific to their particular field of concentration in commercial real estate.

The committees will include specialties such as:

• Farm/Ranch/Land
• Retail Sales
• Corporate Services
• Net Leased
• Asset/Property Management
• Hospitality
• ESG
• Multi-Family
• Mobile Home, RV Parks, and Self Storage
• Business Brokerage
• Leasing: All Types
• Medical
• Industrial
• Office
• Church/Worship/Non-profits
• Capital Markets and Debt
• Global Commercial

Committees Will Meet Monthly

The list above serves as evidence that commercial real estate differs significantly from residential real estate in that it can accommodate a variety of commercial transactions. For example, even within the multi-family category, there are sub-categories such as senior housing and university housing. By setting up committees geared to each specialty, eXp Commercial agents can help each other navigate nuances or situations within each commercial type

The peer-to-peer mentoring will allow agents and brokers to share their goals and challenges with a group that understands the unique aspects of commercial real estate and the product specialty. The committees will meet monthly via Zoom.

Advisors will gain support and valuable insight into their specialty. As many in the industry can attest, no deal is ever straightforward. Being part of these committees is sure to yield surprising insights as well as develop valuable connections.

Benefits include:

• Networking: Group members will provide advisors with resources and make introductions to help grow their businesses.
• Business Growth: Groups will provide valuable feedback and helpful advice that can be used to increase revenues, reduce expenses, and be better positioned for future opportunities.
• Synergy: Simply put, being around other driven, passionate entrepreneurs who are excited about their growth potential will be super-energizing for everyone involved.

 

Source: eXp Commercial Launches Specialty Committees

https://www.creconsult.net/market-trends/exp-commercial-launches-specialty-committees/

Valuation

FREE Property Valuation
What is my property worth? Be informed about the value of your multifamily property before you make a major decision. Request a valuation for your Chicago area multifamily property today. By providing current rent rolls and operating expense information, you will receive expert financial market and comparable sales analysis.
Just one of the free resources offered to our clients to support their Multifamily Investments.
https://www.creconsult.net/resources/

Valuation

FREE Property Valuation
What is my property worth? Be informed about the value of your multifamily property before you make a major decision. Request a valuation for your Chicago area multifamily property today. By providing current rent rolls and operating expense information, you will receive expert financial market and comparable sales analysis.
Just one of the free resources offered to our clients to support their Multifamily Investments.
https://www.creconsult.net/resources/