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618-277-4400

Fully Occupied 6 Unit Apartment Offering

$420,000

Listing Resources

Listing Description

Multi-Family Investment Property

Fully Occupied 6 Unit Apartment Offering. Great Proximity to main Retail Corridor and access to major roadways.

(6) 640 SF 1 Bed / 1 Bath Units. Individually Metered – Tenants pay their own utilities.

Sale Price: $420,000
NOI: $33,631
CAP Rate: 8%

Listing Details

Settings
Listing No : 2427
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Building Size (Sqft) : 2,528 Sqft
Lot Size (Acres) : 0.33 Acre(s)
Sale Price : $420,000
CAP Rate : 8%
NOI : $33,631
Parcel No : 13-2-21-29-03-302-040
Zoning : R2
Zoning By : Collinsville
Property Tax : $5,242
Tax Year : 2020
Year Built : 1982
Rehab Year : 2020
Roof : Shingle, Pitched
Exterior : Brick
Floors : 3
Total Units : 6
Gross Rental Income : $45,000
Insurance : $1,500
CAM : $4,627

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