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618-277-4400

Value-Add Investment Opportunity

$563,500

Listing Resources

Listing Description

12 Unit Apartment Building Available for Sale. Building Contains (2) 3 Bedroom Units, (2) 1 Bedroom Units, and (8) 2 Bedroom Units. Units are being remodeled as they are vacated.

Sale: $563,500

Listing Details

Settings
Listing No : 2084
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Building Size (Sqft) : 9,600 Sqft
Lot Size (Acres) : 0.33 Acre(s)
Total Sqft Available : 9,600 Sqft
Min Acres Available : 0.33 Acre(s)
Max Acres Available : 0.33 Acre(s)
Sale Price : $563,500
GRM : 6.67
NOI : $63,194.50
Building Total Sqft : 9,600 Sqft
Total Sqft Available : 9,600 Sqft
Min Divisible Sqft : 9,600 Sqft
Max Contiguous Sqft : 9,600 Sqft
Heating : Forced Air
Cooling : Central A/C
Parcel No : 07-01.0-306-001/002
Zoning : Multi-Family
Zoning By : Belleville
Parking : 20 Spaces
Parking Surface Type : Asphalt
Property Tax : $10,875.50
Tax Year : 2017
Year Built : 1963
Roof : Shingles
Exterior : Brick/Frame
Floors : 2
Total Units : 12
Total Acres Available : 0.33 Acre(s)
Min Divisible Acres : 0.33 Acre(s)
Acres : 0.33 Acre(s)
Gross Rental Income : $84,360
Insurance : $2,100
Utilities : $7,810

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