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618-277-4400

Fully Leased 17 Unit Apartment Building for Sale

$700,000

Listing Resources

Listing Description

Investment Opportunity! 2 Story, 17-Unit Apartment Complex located half block of West Main Street. All brick, New Roof in 2012 and On-Site Laundry with Storage Rooms for all Tenants.
*Seller has 2 additional Multi-Family Properties Available for Sale.

Sale Price: $700,000
9.08% Cap Rate

Listing Details

Settings
Listing No : 2094
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Sale Price : $700,000
CAP Rate : 9.08%
GRM : 7.65
NOI : $63,611
Heating : Yes
Cooling : Yes
Additional Facility Information : On Site Laundry. Each Unit has a Stove and Refrigerator. Some Units have Dishwashers.
Parcel No : 08-07.0-303-035
Zoning : C-1
Zoning By : City of Belleville
Parking : 32
Parking Surface Type : Concrete/Asphalt
Property Tax : $16,876.82
Tax Year : 2017
Year Built : 1978
Roof : Asphalt Shingles
Exterior : Brick
Floors : 2
Gross Rental Income : $91,440
Gross Other Income : $2,400
Insurance : $2,625
CAM : $2,001.60
Utilities : $4,183.19
Property Management : $4,542

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