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618-277-4400

Multi-Family Investment Opportunity

$845,000

Listing Resources

Listing Description

Multi-Family Investment Opportunity. Total of 21 Units – 14 Efficiency Apartments; (6) 1 Bedroom Units and (1) 3 Bedroom Unit. New energy efficient windows throughout. Flat roof has an energy efficient Spray-Poly Foam, completed in 2014. Shingled pitch roof, new in 2015. Restaurant Tenant on Main Level. Located 1 Block from Historic Downtown Belleville Amenities.

Sale Price: $845,000

Listing Details

Settings
Listing No : 702
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Building Size (Sqft) : 18,168 Sqft
Lot Size (Acres) : 0.14 Acre(s)
Sale Price : $845,000
CAP Rate : 8.20%
GRM : 5.53
NOI : $69,615
Heating : Yes
Cooling : Yes
Parcel No : 08-22.0-327-014
Zoning : C-2 Heavy Commercial
Zoning By : City of Belleville
Parking : Off-street parking provided by city parking lot
Property Tax : $15,053.40
Tax Year : 2017
Year Built : 1860
Rehab Year : 1968
Roof : Flat & Pitched
Exterior : Brick
Floors : 3
Total Units : 21
Gross Rental Income : $152,896.80
Insurance : $3,775
CAM : $15,750
Utilities : $38,000
Property Management : $10,702.78

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