Apartment Complex,Multi-Family 5+ - Belleville, IL
Great Investment Opportunity! CASH FLOWING Multifamily Duplexes consisting of 4 Buildings (8 units in total), (6) 2 Bedrooms and (2) 3 Bedrooms. 100% Occupied, 7 of 8 units have been updated and passed city compliancy in 2016/2017. All units consist of Main floor bathrooms, 2nd floor bedrooms, and basements with washer/dryer hookups. Easy to Lease, minimal expenses, and tenant(s) pays all utilities except trash. Property is professionally managed and seller willing to provide appraisal that was completed in May 2017 to serious buyers ONLY. Each building sits on its own parcel, each individual unit is approx. 1088 sq.ft., and total land is approx. 196.85X98.42 Annual Income: $61,740.00 | Annual Expenses (Tax & Insurance Included): $23,468.00 | NOI: $38,272.00 CAP Rate: 9.81 | GRM: 6.32 | DSCR: 1.52 License#471.009763
Would you like more information regarding this property?
Please call 910-8741.
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