$450,000
bedrooms
0
bathrooms
0
square feet
5,760
Acreage
0.15
Open Houses
-
year built
1976
Full Baths
0
Half Baths
0
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
| 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
Find out more
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MLS number: 24073227
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.
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Last update: Wednesday, January 1 2025 at 4:11 a.m. EST
Kotohomes National