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618-277-4400

8 Unit Apartment Building for Sale

$315,000

Listing Resources

Listing Description

Investment Opportunity

8 Unit Apartment Building for Sale. (8) 1 Bed/1 Bath Units. Roof, Windows, Doors & HVAC Recently Updated. 7 of the 8 Units are currently occupied. Large Parking Lot with Covered Parking for 8.

Sale Price: $315,000
NOI: $23,876
CAP Rate: 7.5%

Listing Details

Settings
Listing No : 2192
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Building Size (Sqft) : 6,832 Sqft
Lot Size (Acres) : 0.41 Acre(s)
Total Sqft Available : 6,832 Sqft
Sale Price : $315,000
Sale Price Per Sqft : $46.10
CAP Rate : 7.50%
NOI : $23,876
Parcel No : 4-19.0-444-001
Zoning : MR-1
Zoning By : Village of Freeburg
Parking : 20
Property Tax : $7,448
Tax Year : 2018
Year Built : 1876
Rehab Year : 2016
Roof : Shingle
Exterior : Brick
Floors : 2
Total Units : 8
Gross Rental Income : $42,000
Insurance : $1,975
CAM : $6,301
Utilities : $2,400

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