218 & 220 S Broad Street - Apartments FOR SALE
Carlinville, IL 62626 |
$1,250,000 USD
773-972-6762
218 & 220 S Broad Street
Carlinville, IL 62626
HIGHLIGHTS
- Matthews Real Estate Investment Services™ is pleased to present South School Loft Apartments, a 24-unit multifamily investment opportunity
- Carlinville has experienced steady growth over the years and is home to several notable landmarks
- South School Loft Apartments, formerly South School, was converted into multifamily housing in 2005
- The property is comprised of 24 units, including sixteen (16) two-bedroom/one-bath apartments and eight (8) three-bedroom/one-bath apartments
- With below-market rents and strong in-place cash flow, South School Loft Apartments presents investors with a rare opportunity to increase revenue
FOR SALE DETAILS
PRICE
$1,250,000 USD
PRICE/SF
$37 USD /SF
# OF UNITS
24
PRICE/UNIT
$52,083
CAP RATE
9.05%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
South School Loft Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1938
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.42 AC
LAND SF
18,295 SF
ZONING
-
APN/PARCEL ID
12-000-981-00
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773-972-6762
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773-972-6762
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