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INVESTMENT HIGHLIGHTS

Partially Renovated with Remaining Upside

Close to Amenities & Lake Springfield

Newbrook (24 units) & Lakeside (36 units) offers residents quick access to shopping & restaurants less than 1 mile away. Additionally, Lake Springfield, with 57 miles of shoreline, is less than 2 miles to the east.

Strong Springfield Employment Centers

Springfield is the state capital which guarantees thousands of jobs in and around the statehouse. The city is home to 3 universities and global leaders in enterprises that include healthcare, manufacturing, business services, tech and more.

Growing Market Fundamentals

Average rents in Springfield increased by 5.9% from 2021 to 2022 contributing to the steady upward trend of 20% rent growth since 2012. Average occupancy is now at 94% and trending up.

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Newbrook & Lakeside
60 Units
2062 Bradley Court
Springfield, IL  62703
Type: Conventional
Posted: 5/26/2022

INVESTMENT HIGHLIGHTS

Partially Renovated with Remaining Upside

Over $4M of capital has been infused into the property. The renovation included exterior upgrades and 83% of the units have full interior upgrades including flooring, cabinets, countertops and appliances.

Close to Amenities & Lake Springfield

Whispering Pines offers residents quick access to shopping & restaurants less than 1 mile away. Additionally, Lake Springfield, with 57 miles of shoreline, is less than 2 miles to the east.

Strong Springfield Employment Centers

Springfield is the state capital which guarantees thousands of jobs in and around the statehouse. The city is home to 3 universities and global leaders in enterprises that include healthcare, manufacturing, business services, tech and more.

Growing Market Fundamentals

Average rents in Springfield increased by 5.9% from 2021 to 2022 contributing to the steady upward trend of 20% rent growth since 2012. Average occupancy is now at 94% and trending up.

...
Whispering Pines
263 Units
2473 Ladley Ct
Springfield, IL  62703
Type: Conventional
Posted: 4/12/2022