Fully Occupied 8 Unit Value-Add Multifamily Investment Opportunity
$550,000
Listing Resources
Listing Description
8 unit multifamily investment property. 4 Units are 2 bed / 1 bath. 4 units are 1 bed / 1 bath.
Well located in high-traffic retail district of Fairview Heights. Proximity to multiple interstate and highway systems. Plenty of jobs in the surrounding area.
Sale Price: $550,000
Listing Details
Listing No : 2995
Sale Or Lease : For Sale
Property Type(s) : Investment
Building Size (Sqft) : 7,680 Sqft
Lot Size (Acres) : 0.85 Acre(s)
Sale Price : $550,000
Sale Price Per Sqft : $71.61
CAP Rate : 11.48%
NOI : $63,136
Building Total Sqft : 7,680 Sqft
Parcel No : 03-28.0-302-049
Zoning : M-1
Zoning By : City of Fairview Heights
Parking : 12
Parking Surface Type : Concrete
Year Built : 1963
Class : C
Roof : Shingle
Exterior : Brick
Floors : 2
Acres : 0.85 Acre(s)
Water Provider : City
Water Provider Location : On Site
Sewer Provider : City
Sewer Provider Location : On Site
Gas Provider : Ameren
Gas Provider Location : On Site
Electric Provider : Ameren
Electric Provider Location : On Site
-
Carter
Marteeny - CCIM
- Office: 618-277-4400 Ext. 41
- Mobile: 618-304-3917
- carterm@barbermurphy.com