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618-277-4400

4-Unit Multi-Family Investment Property

$299,000

Listing Resources

Listing Description

4-unit multi-family investment property totaling approximately 4,020 SF, with each unit offering 2 bedrooms and 1 bath. The building also includes carports with storage lockers. The property benefits from strong visibility, convenient highway access, and proximity to established commercial and residential areas. Current occupancy, rents, and operating expenses are available upon request.

Located at a signalized light at the corner of US Hwy 50 and Potomac Drive in Fairview Heights, IL.

Sale Price: $299,000

Listing Details

Listing No : 3321
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Building Size (Sqft) : 4,020 Sqft
Sale Price : $299,000
Sale Price Per Sqft : $74.38
CAP Rate : 5.91%
GRM : 10.21
NOI : $17,656
Building Total Sqft : 4,020 Sqft
Parcel No : 03-29.0-206-071
Zoning : Multi-Family
Parking : 8
Parking Surface Type : Asphalt
Tax Year : 2025
Traffic Count : 12,600
Year Built : 1982
Class : C
Clearance Min : 8 ft
Clearance Max : 8 ft
Roof : Shingle
Exterior : Brick
Total Units : 4
Acres : 0.48 Acre(s)
Frontage : 175 ft
Depth : 120 ft
Water Provider : Caseyville Township
Water Provider Location : On Site
Sewer Provider : Caseyville Township
Sewer Provider Location : On Site
Gas Provider : Ameren
Gas Provider Location : On Site
Electric Provider : Ameren
Electric Provider Location : On Site

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