2016 Vawter Street
Urbana, IL 61801

We are please to offer 19 clean, sunny, and oversized (800 sqft) 2bedroom units at 2014/2016 South Vawter. These units have plenty of rent increase opportunity and are currently rented at an average 550 per month. For a new owner interested in using them as section 8 housing they can expect 750-850 per unit. Many of the units are recently remodeled with new flooring, new paint jobs, new counters, and new appliances. Both buildings received brand new roofs and gutters in 2020. Currently 12 units are rented with monthly gross rents totaling 6,530 per month. With all 19 rented gross monthly rents project to over 10,000 per month. Tenants enjoy a shared driveway and a large parking lot with 19 spots. As a bonus all units in 2014 South Vawter have in unit washer and dryers while 2016 South Vawter provides a common area laundry room. In total over 20 new windows have been installed under current ownership. All units are separately metered and tenants are responsible for paying their own electric/gas and water. The landlord pays the common area electric, house water(2016 only for laundry), sewer, and trash. Additional information available for buyers with strong interest. Owners have managed the property themselves.