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618-277-4400

Fully Leased Multi-Family Complex

$795,000

Listing Resources

Listing Description

Excellent Investment Opportunity – Fully Leased Apartment Complex Available for Sale. (5) Four Family Buildings consisting of 1 Bedroom / 1 Bathroom units, 17 of the units have been remodeled; all units are in very good condition. Property is apart of a 1031 Exchange.

Sale Price: $795,000
CAP: 11.8 % | GRM: 5.99

Listing Details

Settings
Listing No : 2244
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Building Size (Sqft) : 16,842 Sqft
Lot Size (Acres) : 0.66 Acre(s)
Total Sqft Available : 16,841 Sqft
Min Acres Available : 0.66 Acre(s)
Max Acres Available : 0.66 Acre(s)
Sale Price : $795,000
CAP Rate : 11.88%
GRM : 5.99
NOI : $93,935
Building Total Sqft : 16,842 Sqft
Total Sqft Available : 16,842 Sqft
Min Divisible Sqft : 16,842 Sqft
Max Contiguous Sqft : 16,842 Sqft
Heating : HVAC
Cooling : HVAC
Parcel No : 08-17.0-407-116/140/141/142/143
Zoning : Multi-Family
Zoning By : Belleville
Parking Surface Type : Asphalt
Property Tax : $14,839.96
Tax Year : 2018
Year Built : 1970
Style : Brick/Frame
Roof : Shingle
Exterior : Brick
Floors : 2
Total Units : 20
Total Acres Available : 0.66 Acre(s)
Min Divisible Acres : 0.66 Acre(s)
Acres : 0.66 Acre(s)
Gross Rental Income : $132,540
Insurance : $7,015
CAM : $10,000
Utilities : $6,750

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