1832 Cleveland Blvd - Apartments FOR SALE


Granite City, IL 62040
$1,500,000 USD
618-975-0504
1832 Cleveland Blvd, Granite City, IL for Sale
$1,500,000 USD
Apartments - FOR SALE
1/8
null | 6.2% Cap Rate

1832 Cleveland Blvd
Granite City, IL 62040


OVERVIEW

13 Unit all-brick apartment complex consisting of 2 buildings. There are (8) 1 Bedroom units and 4 studio apartments. The basement is available as an apartment. Fully leased out to Chestnut Health Systems, with the exception of the basement. Landlord pays property taxes, insurance, and utilities. Located approximately 10 miles northeast of St. Louis, MO and is part of the Metro-East region. The city is home to several parks, restaurants, and businesses.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$269 USD /SF

# OF UNITS

12

PRICE/UNIT

$125,000

CAP RATE

6.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Family Investment Opportunity

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

MF

APN/PARCEL ID

22-2-19-24-08-204-005

ASK ABOUT THIS PROPERTY

Scott MuentnichBarberMurphy GroupMore Info
618-975-0504

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Scott MuentnichBarberMurphy GroupMore Info
618-975-0504

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