Remarks

Prime Investment Opportunity in the Heart of Belleville located just minutes from the square. This well-maintained property features eight units: four spacious one-bedroom apartments and four comfortable two-bedroom apartments offering flexibility to any potential renter's living situation. Tenants enjoy the convenience of coin-operated laundry and ample parking, all while benefiting from the property’s private, tucked-away setting. Current rents are significantly below market, offering savvy investors an exceptional opportunity to increase cash flow and build equity quickly. Owner covers W/S/T Cap rate: 6.46% Rents: 775, 675, 650, 775, 650, 648 (sec 8 assisted), 650, 775. Whether purchased individually or as part of a package (see MLS#24073225), this property is poised for growth. Don’t miss out on this incredible chance to expand your portfolio! Seller is willing to take 20% 2nd mortgage at 7% amortize for 15yrs, first payment due at 30 days after closing, balloon at 3yrs

Details

MLS#: 24073227
Price: $500,000

Style: Multi-Family 5+
Sq Ft: 5760.0
Year Built: 1976

County: St Clair-IL
Subdivision: n/a
Lot Size: 135*60
Tax Fee: 8856

School Elementary: BELLEVILLE DIST 118
School Middle: BELLEVILLE DIST 118
School High: Belleville High School-East
School District: Belleville DIST 118