505 S Poplar St - Apartments FOR SALE


Carbondale, IL 62901
$339,900 USD
754-251-0201
505 S Poplar St, Carbondale, IL for Sale
$339,900 USD
Apartments - FOR SALE
1/5
null | 15.51% Cap Rate

505 S Poplar St
Carbondale, IL 62901


OVERVIEW

Awesome 10 unit complex!!! High quality construction. Separate electric and water meters, tenants pay all utilities. Each unit has washer and dryer hookups, as well as dishwashers. 5 x 1bed/1bath and 5 x 2bed/1bath units. 1beds will rent for $600+ and 2beds will rent for $750+. Great location, minutes away from Southern Illinois University. Do not miss out on this opportunity. Building will generate a 15%+ NET RETURN ON INVESTMENT!! $65K VALUE ADD POTENTIAL!!! Financing and professional management is available.

FOR SALE DETAILS

PRICE

$339,900 USD

PRICE/SF

$44 USD /SF

# OF UNITS

10

PRICE/UNIT

$33,990

CAP RATE

15.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

505 South Poplar St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

R3

APN/PARCEL ID

15-21-327-006

ASK ABOUT THIS PROPERTY

Eli AhmadovLOYD RealtyMore Info
754-251-0201

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Eli AhmadovLOYD RealtyMore Info
754-251-0201

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