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618-277-4400

Fully Leased Apartment Building

$425,000

Listing Resources

Listing Description

Excellent Investment Opportunity – Fully Leased 8-Unit apartment building Available for Sale. All units have been rehabbed within the past 4 years, new roof installed in 2020, new HVAC systems installed in some units. Ideal location off of West Main Street, within walking distance to Metro Bus Line Routes and major retail shops.

CAP: 9%  | GRM: 6.86
Sale Price: $425,000

Listing Details

Settings
Listing No : 2355
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Lot Size (Acres) : 0.36 Acre(s)
Sale Price : $425,000
CAP Rate : 9%
GRM : 6.86
NOI : $39,786.98
Parcel No : 02-35.0-423-005
Zoning : Multi-Family
Zoning By : Belleville
Parking : 16
Parking Surface Type : Asphalt
Property Tax : $8,396.02
Tax Year : 2019
Year Built : 1965
Rehab Year : 2020
Roof : Shingle
Exterior : Brick
Floors : 2
Total Units : 8
Gross Rental Income : $61,920
Insurance : $2,232
CAM : $2,929
Utilities : $8,576

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