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618-277-4400

Fully Leased 4 Plex Apartment Complex

$750,000

Listing Resources

Listing Description

Investment Opportunity! Four 4-Plex Apartment Buildings; Fully Leased. All brick, 2 Bedroom/1 Bath Units. On-site Laundry. New roof in 2012. Located near Restaurants/Banks and Service Stations.
*Seller has 2 additional Multi-Family Properties Available for Sale

Sale Price: $750,000
8.41% CAP Rate/7.62 GRM

Listing Details

Settings
Listing No : 2093
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Sale Price : $750,000
CAP Rate : 8.41%
GRM : 7.62
NOI : $63,103
Heating : Yes
Cooling : Yes
Additional Facility Information : On Site Laundry; Stove and Refrigerator in Each Unit
Parcel No : 08-17.0-110-029
Zoning : B-3 Multi-Family
Zoning By : City of Belleville
Parking : 36
Parking Surface Type : Concrete/Asphalt
Property Tax : $17,444.26
Tax Year : 2017
Year Built : 1969
Roof : Asphalt Shingles
Exterior : Brick
Floors : 2
Total Units : 16
Gross Rental Income : $98,400
Gross Other Income : $600
Insurance : $6,471.96
CAM : $3,531.07
Utilities : $3,553.41
Property Management : $4,896

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