320 W H ST Belleville, IL 62226
UPDATED:
12/02/2024 06:47 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,760 sqft
Price per Sqft $86
MLS Listing ID 24073225
Construction Status 46
Year Built 1978
Building Age 46
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 315*125
Property Description
Discover the potential of this predominantly brick multifamily gem, ideally located just minutes from the Belleville 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: 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!
Location
State IL
County St Clair-il
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Laundry Coin Operated, Common Laundry
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer,Vinyl Siding
Construction Status 46
Schools
Elementary Schools Belleville Dist 118
Middle Schools Belleville Dist 118
High Schools Belleville High School-East
School District Belleville Dist 118
Others
Ownership Private
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition No Exemptions, None
CONTACT AGENT ON DUTY
