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618-277-4400

Multi-Family Investment

$355,000

Listing Resources

Listing Description

Multi-Family Investment Property Available for Sale – Apartment Building contains (10) 1 Bedroom/1 Bathroom Units. Ongoing updates include newer roof in 2014; Units being updated as they are vacated, New porch installed in 2019.

Reduced Sale Price: $355,000
CAP Rate: 11.75%
GRM: 6.41

Listing Details

Settings
Listing No : 019
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Building Size (Sqft) : 5,650 Sqft
Lot Size (Acres) : 0.33 Acre(s)
Sale Price : $355,000
CAP Rate : 11.75%
GRM : 6.41
NOI : $41,721
Building Total Sqft : 5,650 Sqft
Total Sqft Available : 5,650 Sqft
Min Divisible Sqft : 5,650 Sqft
Max Contiguous Sqft : 5,650 Sqft
Heating : Electric Base Boards
Cooling : Wall Units
Parcel No : 07-01.0-311-035
Zoning : Multi-Family
Zoning By : Belleville
Parking : 10 Spaces
Parking Surface Type : Asphalt
Property Tax : $6,469.16
Tax Year : 2019
Year Built : 1978
Rehab Year : 2014
Roof : Shingle
Exterior : Brick/Frame
Floors : 1
Total Units : 10
Gross Rental Income : $55,392
Insurance : $1,800
CAM : $350
Utilities : $5,052

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