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618-277-4400

Excellent Investment Opportunity

$2,399,999

Listing Resources

Listing Description

Excellent Investment Opportunity – 24 Total Units – 95% Occupied. Property consists of 12 Duplex Buildings with 1,000 SF – 2 Bedrooms / 1 Bathroom Units, 1 Car Garage, and Fireplace. Several units have been updated with new flooring, cabinets, lighting, and appliances.

Sale: $2,399,999

Listing Details

Settings
Listing No : 2042
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Building Size (Sqft) : 24,000 Sqft
Lot Size (Acres) : 4.52 Acre(s)
Total Sqft Available : 24,000 Sqft
Min Acres Available : 4.52 Acre(s)
Max Acres Available : 4.52 Acre(s)
Sale Price : $2,399,999
CAP Rate : 7%
GRM : 8.90
NOI : $168,396
Building Total Sqft : 24,000 Sqft
Total Sqft Available : 24,000 Sqft
Min Divisible Sqft : 24,000 Sqft
Max Contiguous Sqft : 24,000 Sqft
Heating : HVAC
Cooling : HVAC
Parcel No : See Information Sheet
Zoning : Multi-Family
Zoning By : Fairview Heights
Property Tax : $65,824.32
Tax Year : 2017
Year Built : 2002
Total Acres Available : 4.52 Acre(s)
Min Divisible Acres : 4.52 Acre(s)
Acres : 4.52 Acre(s)
Interstate : I-64
Gross Rental Income : $268,572
Insurance : $8,852
CAM : $10,000
Utilities : $15,500

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