818-874 Lincoln Hwy - Apartments FOR SALE
Fairview Heights, IL 62208 |
$1,750,000 USD
618-304-3917
818-874 Lincoln Hwy
Fairview Heights, IL 62208
HIGHLIGHTS
- Prime location on Hwy 50 with strong traffic counts
- Three buildings with updated roofs and central HVAC
- 33 off-street parking spaces for tenant convenience
- Renovated in 2009 with well-maintained interiors
- CAP rate of 8% with stable tenancy and upside potential
- Excellent connectivity to I-64 and Metro-East retail corridor
FOR SALE DETAILS
PRICE
$1,750,000 USD
PRICE/SF
$133 USD /SF
# OF UNITS
22
PRICE/UNIT
$79,545
CAP RATE
8%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
22-Unit Multi-Family Apartment Complex
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1980
PARKING SPACES
33
LAND DETAILS
LAND ACRES
0.79 AC
LAND SF
34,412 SF
ZONING
Multi-Family
APN/PARCEL ID
03-27.0-405-043
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618-304-3917
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618-304-3917
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