Property Listing No Longer Available for Sale

2350 - 2400 1st Street A, Moline, IL

Senior Facilities for Sale - $1,793,000 - 25,635 Sq. Ft. on 3.79 acres


Property Info

CIMLS#845996
Location
  2350 - 2400 1st Street A
  Moline IL 61265
UpdatedJanuary 29th, 2016
TypeSenior Facilities
Price$1,793,000
Building25,635 Sq. Ft.
Land3.79 acres

Property Description

Investment sale of Forsberg Retirement Village, a 23 unit senior living center located on 3.79 acres in Moline, IL. Consists of (10) 2 BR/2 bath units, (8) 2 BR / 1 bath units and (5) 1 BR / 1 bath units. All ground floor units in 2 secure buildings with private garages. Built new in 1983 and in excellent condition. Contact LA for financial information.

Location Description:

At the cross streets of 1st Street A & 23rd Avenue. Just south of Jewel Osco and Westwood Terrace Apartments.

Highlights:

>> Great investment opportunity of 23 unit Forsberg Retirement Village

>> Located on 3.79 acres in a nice residential neighborhood on a cul-de-sac

>> Built new in 1983 and in excellent condition

>> All are ground floor units in 2 secure buildings

>> 10) 2 BR / 2 bath units, (8) 2 BR / 1 bath units and (5) 1 BR / 1 bath units

>> Units offer detached garages, private patio/deck and common laundry facility

>> Close to City Line Plaza with grocery store, banks, restaurants and bus stop

>> NOI 3 year average = $146,164

>> For sale at $1,793,000 - 8.15% CAP

>> Contact broker for additional financial info

* Email for additional photos


Financials

Sales Info:

>> Commision split: 3.0%