Newly Renovated Multi-Family Investment
$500,000
Listing Resources
Listing Description
Multi-Family Investment Property
8 unit (1B/1B) apartment complex on West Main St. in Belleville IL. Recently renovated and re-tenanted by ownership at market rates. Recent improvements include new sewer lateral, security camera and flood lights, 5 new AC units, new appliances, new water heaters.
Located on West Main St., in Belleville near banks, restaurants, gas stations and Metro Link. Situated only 2.5 miles off I-64 & 3.5 miles off I-255. 10 minutes from Downtown St. Louis.
Sale Price: $500,000
CAP Rate: 9.8%
NOI: $48,999
Listing Details
Listing No : 2966
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Sale Price : $500,000
CAP Rate : 9.80%
NOI : $48,999
Parcel No : 02350213010 & 02350213009
Zoning : B-1 Multifamily
Parking : 8 Spots
Parking Surface Type : Concrete
Property Tax : $6,847.32
Tax Year : 2023
Year Built : 1960
Rehab Year : 2023
Roof : Shingle
Exterior : Brick
Floors : 2
Total Units : 8
Acres : 0.27 Acre(s)
Frontage : 85 ft
Depth : 150 ft
Gross Rental Income : $74,280
Gross Other Income : $1,395
Insurance : $1,500
CAM : $3,361.72
Utilities : $9,527.34
Property Management : $5,439.60
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Carter
Marteeny - CCIM
- Office: 618-277-4400 Ext. 41
- Mobile: 618-304-3917
- carterm@barbermurphy.com