1801 West John Street
Property Description
Westbury Townhomes is a 45-unit, all-townhome community featuring spacious three-bedroom, 1.5-bath layouts. Originally built in 1965, the property maintains 100% occupancy as of September 2025. With some of the largest floor plans in the market, a strong going-in cap rate, Westbury Townhomes offers stability and proven rent growth potential. THREE-BEDROOM FLOOR PLANS WITH FULL BASEMENT The all-townhome community features spacious three-bedroom, 1.5-bath layouts among the largest in the market. Each residence includes a full unfinished basement and in-unit washer and dryer for added convenience. STRONG DAY ONE YIELD Given the historical high occupancy, Westbury Townhomes offers new ownership strong day one yield. Coupled with a tax and expense adjusted cap rate over 7.5% and today’s aggressive permanent debt options, new ownership will achieve outsized day one cash yield. PROVEN RENTAL PREMIUMS Westbury Townhomes offers a proven value-add opportunity with clear, demonstrated upside. Current ownership has proven $175 increase on an outdated renovation package completed years ago. Current comps support renovating the entirety of Westbury Townhomes to achieve rents inline with market and a $262 / unit / mo increase above the average in place rents, allowing new ownership to further push returns. CONVENIENT LOCATION MINUTES FROM ALL OF CHAMPAIGN’S MAJOR DEMAND DRIVERS Westbury Townhomes is located with convenient access to Champaign and Central Illinois employers. It sits less than three miles from the University of Illinois at Urbana-Champaign. The university is ranked No. 12 among public universities in the U.S. by the U.S. News & World Report for 2025-2026. In the fall of 2025, the University of Illinois enrolled a record 60,000 students. COMMUNITY AMENITIES Residents benefit from 24-hour emergency maintenance, convenient on-site parking, and a pet-friendly environment.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 45 |
| Year Built: | 1965 |
| Opportunity Zone: | No |
| Property Website | Click Here |
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