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618-277-4400

Excellent Multi-Family Investment Opportunity

$549,000

Listing Resources

Listing Description

2 Apartment buildings for sale. 100% occupancy in both the 4 unit apartment and 8 unit apartment. Each apartment has either a patio or deck attached. Complete Renovation of 10 out of 12 units. New energy efficient furnaces throughout. New roofs on both buildings. New energy efficient windows throughout. New Stairwell on 3 story building. Approximately $5,000 per month is guaranteed through the 20 year project based voucher with HUD.

Sale Price: $549,000
CAP Rate: 9%
GRM: 6.4

Listing Details

Settings
Listing No : 401
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Sale Price : $549,000
CAP Rate : 9%
GRM : 6.40
NOI : $49,498
Heating : Individual HVAC
Cooling : Individual HVAC
Parcel No : 08-22.0-121-008; 08-22.0-121-009
Zoning : A-2
Zoning By : City of Belleville
Parking : 15
Property Tax : $10,868
Tax Year : 2017
Year Built : 1979
Rehab Year : 2018
Roof : Shingle (New)
Exterior : Brick
Floors : 3
Gross Rental Income : $85,796
Insurance : $5,885
CAM : $8,991
Utilities : $4,848
Property Management : $6,006

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