Apartment Complex,Multi-Family 5+ - Belleville, IL
Great Investment Opportunity. Building includes (12) 1 Bedroom units with secure entry doors to apartments and secure basement with on site laundry. Current tenants have longevity. Huge income potential. Recent updates to include exterior deck plat form and city compliant. Property being sold AS-IS, seller not to make repairs. Estimated Gross Income Fully Leased $64,800 | Annual Expenses to include Taxes, Insurance, Routine Maintenance, Water, sewer, trash, and management fees $28,757.00 CAP Rate with 10% vacancy allowance and 10% Delinquency 11.26 GRM 3.16 COC 4.79 DSCR 1.74
Would you like more information regarding this property?
Please call 910-8741.
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