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618-277-4400

8 Unit Apartment Building

$385,000

Listing Resources

Listing Description

Multi-Family Investment Property

Located off IL Route 159 in Collinsville, IL. Low Turnover – High Occupancy 8 Unit Complex. Complex Consists of (4) 1 Bed/1 Bath; (4) 2 Bed/1 Bath Units. 

Sale Price: $385,000
CAP Rate: 9.05%
Gross Rental Income: $50,460

Listing Details

Settings
Listing No : 2204
Sale Or Lease : For Sale
Property Type(s) : Multi-Family
Building Size (Sqft) : 6,672 Sqft
Total Sqft Available : 6,672 Sqft
Sale Price : $385,000
CAP Rate : 9.05%
NOI : $34,849
Heating : HVAC
Cooling : HVAC
Parcel No : 13-2-21-22-12-202-002
Zoning : Multi-Famiy
Zoning By : Collinsville
Parking : 1 per Unit
Parking Surface Type : Gravel/Asphalt
Property Tax : $6,454
Tax Year : 2018
Year Built : 1975
Rehab Year : 2018
Roof : Shingle
Exterior : Brick
Floors : 2
Total Units : 8
Gross Rental Income : $50,460
Insurance : $1,432
CAM : $3,225
Utilities : $4,500

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