111 N Poplar St - Apartments FOR SALE


Mount Olive, IL 62069
$75,000 USD
618-406-9775
111 N Poplar St, Mount Olive, IL for Sale
$75,000 USD
Apartments - FOR SALE
1/12
null | 13.52% Cap Rate

111 N Poplar St
Mount Olive, IL 62069


OVERVIEW

Investor's Dream: All-Brick Duplex with Strong Cash Flow Well-maintained all-brick duplex, located ~50 minutes from St. Louis, MO. Unit 1: 1 bed, 1 bath, rented at $550/month. All-electric, separately metered; tenant pays all utilities. Unit 2: 2 bed, 1 bath, vacant and ready for new tenants. Projected rent: $750/month. Requires minor cosmetic updates, offering potential for added value. Both units have separate entrances and utilities. Durable rubber roof installed ~10 years ago. Ample off-street parking at rear. Ideal for investors seeking steady cash flow and minimal maintenance. Strong rental demand in the area. Don't miss this opportunity to add a profitable property to your portfolio. Buyer to verify all MLS data including but not limited to square footage, taxes, schools, etc.

FOR SALE DETAILS

PRICE

$75,000 USD

PRICE/SF

$33 USD /SF

# OF UNITS

2

PRICE/UNIT

$37,500

CAP RATE

13.52%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

-

APN/PARCEL ID

02-000-814-00

ASK ABOUT THIS PROPERTY

James SyedPrime Real Estate & Property ManagementMore Info
618-406-9775

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James SyedPrime Real Estate & Property ManagementMore Info
618-406-9775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.