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618-277-4400

Investment Property Portfolio

$299,500

Listing Resources

Listing Description

Investment property consisting of an 8 unit apartment building, auto repair facility, and a single family home. The apartment income is $5,750/month ( 5units at $700, and 3 units at $750), the repair garage income is $1,200/month, and the house income is $1,000/month. The total annual income is $95,400. The landlord pays water sewer and trash. Total annual expenses is $24,350. Cap Rate of 23.

Located in a commercial/residential mixed area. Less than 1 mile from I-55.

Sale Price:$299,500

Listing Details

Listing No : 3170
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family, Retail - Vehicle Related
Building Size (Sqft) : 5,125 Sqft
Lot Size (Acres) : 1.30 Acre(s)
Sale Price : $299,500
CAP Rate : 23%
NOI : $68,046
Building Total Sqft : 5,125 Sqft
Retail : 3,175 Sqft
Parcel No : 15-05-255-228
Zoning : C-2 Heavy Commercial
TIF : Yes
Parking : 30
Parking Surface Type : Gravel
Tax Year : 2024
Clearance Min : 8 ft
Clearance Max : 12 ft
Roof : Flat, Asphalt
Exterior : Block
Total Units : 10
Acres : 1.30 Acre(s)
Frontage : 383 ft
Depth : 150 ft
Gross Rental Income : $95,400
Insurance : $888
CAM : $3,000
Utilities : $18,912

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