314-323-3831
1101 Washington Ave, Alton, IL for Sale
Apartments - FOR SALE
1/19
null | Request Cap Rate

1101 Washington Ave
Alton, IL 62002


HIGHLIGHTS

  • All properties situated within one block, enabling operational efficiencies and cost savings.
  • Laundry facility located in the property.
  • Scenic shaded courtyard for a beautiful outdoor experience.
  • Diverse unit mix from studios to three-bedroom apartments, supporting broad tenant appeal.

OVERVIEW

***192 total apartments for sale. Must be sold as a package. 4 complexes within one block of each other. 4 address' are 112 Manor Court(64 units), 744 Washington(28 units), 824 Washington(45 units), and 1101 Washington(55 units)*** The Gallery Illinois presents a rare opportunity to acquire a stabilized multifamily portfolio totaling 192 units across four properties within one block of each other in Alton, Illinois. This offering includes 112 Manor Court (64 units), 744 Washington (28 units), 824 Washington (45 units), and 1101 Washington (55 units). Each property features a diverse mix of studios, one-, two-, and three-bedroom apartments, appealing to a wide tenant demographic and supporting strong occupancy performance. The portfolio boasts a historical occupancy rate of approximately 97%, reflecting consistent demand and operational stability. Alton’s position as a growing commuter hub for the St. Louis metropolitan area enhances its rental market fundamentals, driven by affordability and proximity to major employment centers. Residents benefit from convenient access to local retail, schools, and transportation corridors, further strengthening the appeal of these assets. This package offers investors immediate scale, reliable cash flow, and long-term growth potential in a market with favorable demographic trends. With all properties located within a single block, operational efficiencies and streamlined management create additional value for ownership.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

55

CAP RATE

Request Cap Rate

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pine Meadow Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

32

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

R4

APN/PARCEL ID

23-2-08-07-18-301-005

ASK ABOUT THIS PROPERTY

Andrew ScottRealty Exchange Commercial GroupMore Info
314-323-3831

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Andrew ScottRealty Exchange Commercial GroupMore Info
314-323-3831

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