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Kotohomes partnered with:
Moline Dispatch & Rock Island Argus
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bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
5,760
acreage
Acreage
0.31
open houses
Open Houses
-
year built
year built
1978
full baths
Full Baths
0
half baths
Half Baths
0
Prime Investment Opportunity in the Heart of Belleville located just minutes from the square. This 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: 5.96% Rents: 765, 575, 503 (sec 8 assisted), 675, 630 (sec 8 assisted), 675, 675, 775. Whether purchased individually or as part of a package (see MLS#:24073227), 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
Location
Subdivision n/a
County St Clair-IL
Elementary School BELLEVILLE DIST 118
Middle School BELLEVILLE DIST 118
High School Belleville High School-East
open houses Open houses
None scheduled.
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MLS number: 24073225
Listing agent: Christopher Kelly #475.178639
Listing broker: Real Broker, Llc (855) 450-0442
Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Saturday, January 11 2025 at 10:11 a.m. EST
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