Remarks

Prime investment opportunity! First time on the market in 30 years for two 12-unit apartment buildings in highly sought after park like location. This property features 21 two bedroom/one bath units, 3 one bedroom/one bath units, and ample parking on 1.07 acre lot close Scott AFB, Fairview Heights, Belleville, and MetroLink. 23 units currently rented with 1 one bedroom apartment available for immediate rental. Tenants pay water, sewer, and electric. Each building has coin operated laundry. 1460 Morgan has storage lockers for tenants. 10 x 12 storage shed on site for property manager use. Owner has meticulously maintained the property with routine maintenance as needed over the years. City of Swansea Occupancy inspections have been completed with each vacancy. Don't miss your chance to own a significant income asset with excellent potential. Properties to be sold together and not separately.

Details

MLS#: 24071786
Price: $1,650,000

Style: Multi-Family 5+
Sq Ft: 7800.0
Year Built: 1972

County: St Clair-IL
Subdivision: n/a
Lot Size: 1.07
Tax Fee: 25093

School Elementary: HIGH MOUNT DIST 116
School Middle: HIGH MOUNT DIST 116
School High: Belleville High School-West
School District: High Mount DIST 116