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618-277-4400

Investment Opportunity - 100% Leased Apartment Building

$420,000

Listing Resources

Listing Description

Multi-Family Investment Opportunity

12 Unit Apartment building available for sale, Fully Leased. Building contains (6) 2 Bedroom/1 Bathroom and (6) 1 Bedroom/1 Bathroom Units. Multiple updates completed including newer roof in 2014, New porches in 2019, Ongoing rehab of units as they are vacated including adding newer appliances and new windows.

Sale: $420,000

Listing Details

Settings
Listing No : 2085
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Building Size (Sqft) : 8,460 Sqft
Lot Size (Acres) : 0.43 Acre(s)
Total Sqft Available : 8,460 Sqft
Min Acres Available : 0.43 Acre(s)
Max Acres Available : 0.43 Acre(s)
Sale Price : $420,000
GRM : 6.24
NOI : $47,964.92
Building Total Sqft : 8,460 Sqft
Total Sqft Available : 8,460 Sqft
Min Divisible Sqft : 8,460 Sqft
Max Contiguous Sqft : 8,460 Sqft
Heating : Forced Air
Cooling : Wall Units
Parcel No : 07-01.0-305-011/012
Zoning : Multi-Family
Zoning By : Belleville
Parking : 16 Spaces
Parking Surface Type : Asphalt
Property Tax : $11,465.08
Tax Year : 2017
Year Built : 1974
Rehab Year : 2014
Roof : Shingle
Exterior : Brick/Frame
Floors : 3
Total Acres Available : 0.43 Acre(s)
Min Divisible Acres : 0.43 Acre(s)
Acres : 0.43 Acre(s)
Gross Rental Income : $67,260
Insurance : $2,200
Utilities : $5,130

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