Just Listed
Olde Towne Apartments | Springfield, Illinois
Confidentiality Agreement
Whom for the purpose of this Agreement will be known as the “Prospective Purchaser.”
Whereas, Marcus & Millichap Real Estate Investment Services is disclosing to “Prospective Purchaser” a rent roll, financial, and other related information (the “Information”) in connection with the possible purchase of Olde Towne Apartments, Springfield, Illinois. The “Information” pertains to business ventures and properties under the authority of the seller and the exclusive right to sell the subject property; As used herein, the “Information” shall be deemed to include, without limitation, materials provided both prior to or following the date hereof.
Whereas, “Prospective Purchaser” acknowledges that these matters and items are being received in confidence; Therefore, “Prospective Purchaser” agrees as follows:
I agree to keep the “Information” confidential, to use the “Information” for no other purpose than the possible business transaction indicated above, to refrain from allowing the “Information” or copies thereof to come into the possession of third parties who are not directly involved with such possible business transaction. I further agree not to divulge, communicate or disclose the “Information” except as may be required by law or for the performance of any agreement entered into by both parties, to refrain from using the “Information” for competitive purposes or for purposes which are contrary to the interests of the owner of the property or the provider of the “Information” as hereafter specified and to, if requested, return the “Information” and all copies thereof to:
Attention: Ryan D. Engle
Marcus & Millichap
One Mid America Plaza, Suite 200
Sign The Confidentiality Agreement for More Information
218 Units | Built in 1974 | 11.84 Acres | 190,080 SF
Price: To Be Determined By Market
INVESTMENT OVERVIEW
Significant Value-Add Potential Through Renovating Units and Increasing Occupancy
Desirable Unit Mix of Mostly One-Bedroom and Two-Bedroom Units
Approximately 30 Percent of Units are Renovated
Approximately Two-Thirds of Units Feature Washer and Dryer Hookups
Close to a Variety of Employment Outlets, which include Transportation Illinois Department (5,040 Employees), Saint John's Hospital (2,900 Employees), and Memorial Medical Center (2,398 Employees)
Average Household Income within Three Miles is $81,515
Median Housing Value in the Area is $129,165 in 2022
PROPERTY OVERVIEW
72 One-Bedroom / One-Bathroom Units
102 Two-Bedroom / One-Bathroom Units
44 Two-Bedroom / One and One-Half Bathroom Townhomes
Amenities Include: Outdoor Terrace, Elevator, Bike Racks, Garage Parking and Off-Street Parking
Each Unit Features Designer Interiors, Stainless Steel Appliances, and In-Unit Washer and Dryer
LOCATION OVERVIEW
Easy Access to Route 97 and Route 4
Two and One-Half Miles to Illinois State Capitol and Springfield Amtrak Station
Close Proximity to Retail and Dining Options
Near Springfield High School and Timberbrooke Park
Brokers:
Ryan D. Engle
Senior Managing Director Investments
Executive Director – National Multi Housing Group
O: (630) 570-2230 | M: (773) 317-7771
Email Ryan D. Engle
License: IL 475.143971
Kyle A. STEngle
Senior Managing Director Investments
Senior Director – National Multi Housing Group
O: (312) 327-5455 | M: (312) 636-6383
Email Kyle Stengle
License: IL 475.138461
Andrean ANgelov
Senior Vice President Investments
Director – National Multi Housing Group
O: (630) 570-2232 | M: (847) 212-5328
Email Andrean Angelov
License: IL 475.152025
Zack Mahoney
Senior Associate
Associate Member – National Multi Housing Group
O: (630) 570-2234 | M: (708) 203-4711
Email Zack Mahoney
License: IL 475.190208
