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618-277-4400

Investment Opportunity - Fully Leased Apartment Bldg.

$382,000

Listing Resources

Listing Description

Investment Property Available for Sale – 100% Leased. 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.

Sale: $382,000

Listing Details

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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)
Total Sqft Available : 5,650 Sqft
Min Acres Available : 0.33 Acre(s)
Max Acres Available : 0.33 Acre(s)
Sale Price : $382,000
GRM : 6.67
NOI : $40,984.50
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 : $6,417.50
Tax Year : 2017
Year Built : 1978
Rehab Year : 2014
Roof : Shingle
Exterior : Brick/Frame
Floors : 1
Total Units : 10
Total Acres Available : 0.33 Acre(s)
Min Divisible Acres : 0.33 Acre(s)
Acres : 0.33 Acre(s)
Gross Rental Income : $57,312
Insurance : $1,800
Utilities : $7,760

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