971 Belle Valley Dr - Apartments FOR SALE


Belleville, IL 62220
$1,190,000 USD
314-325-4494
971 Belle Valley Dr, Belleville, IL for Sale
$1,190,000 USD
Apartments - FOR SALE
1/23
null | 10.1% Cap Rate

971 Belle Valley Dr
Belleville, IL 62220


OVERVIEW

Two buildings to be bought as a package, consisting of 14 units total. Seller took over this property as deferred maintenance property and removed all but 3 of 14 tenants in place to remodel all units in place. The remodel will commence August 15, 2025, and all rents will be up to market value. 961 Parking lot is a new 2" asphalt drive, and 971 had a large patch 20x40 and new sealer applied. All tenant screenings are done with diligence and requirements set in place to assure future successes of the tenant and owner.

FOR SALE DETAILS

PRICE

$1,190,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

14

PRICE/UNIT

$85,000

CAP RATE

10.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

971 and 961 Belle Valley Dr

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

Multifamily

APN/PARCEL ID

08-26.0-401-031

ASK ABOUT THIS PROPERTY

Anthony QuinnBuy Us Properties LLCMore Info
314-325-4494

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Anthony QuinnBuy Us Properties LLCMore Info
314-325-4494

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