48 Eastland Dr - Multi-Family FOR SALE


Belleville, IL 62221
$179,000 USD
618-606-3829
48 Eastland Dr, Belleville, IL for Sale
$179,000 USD
Multi-Family - FOR SALE
1/16
null | Request Cap Rate

48 Eastland Dr
Belleville, IL 62221


OVERVIEW

Fully occupied value-add duplex at 48/50 Eastland in Belleville, IL, offered at $179,000. The property features 2-bedroom/1-bath units, 2,344 SF total, attached garages for each unit, and was built in 1991. Current rents are $825 per unit/month with month-to-month tenants, generating $19,800 in annual gross income, while estimated market rents of approximately $1,200 per unit offer potential gross income of $28,800 annually. Conveniently located about 12 minutes from Scott Air Force Base, this property offers immediate income with strong upside potential for an investor.

FOR SALE DETAILS

PRICE

$179,000 USD

PRICE/SF

$76 USD /SF

# OF UNITS

2

PRICE/UNIT

$89,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

08-14.0-402-087

ASK ABOUT THIS PROPERTY

Brendan BaroneH3: Front Runner Commercial TeamMore Info
618-606-3829

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

Brendan BaroneH3: Front Runner Commercial TeamMore Info
618-606-3829

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