Falling Springs & Joliet Dr 17-units Multi-Family FOR SALE


Cahokia, IL - East Saint Louis
$1,062,500 USD
618-606-3829
, Cahokia, IL for Sale
$1,062,500 USD
Multi-Family - FOR SALE
1/3
null | 8.18% Cap Rate

Falling Springs & Joliet Dr 17-units
Cahokia, IL
East Saint Louis


HIGHLIGHTS

  • New Tenants are paying $975 per month.
  • 100% occupancy.
  • The area has a high demand for rental units.

OVERVIEW

3503 Falling Springs is a single parcel with a single story, 4-unit apartment building and a 2-story, 7-unit apartment building. Sale also includes a 2-story, 6-unit apartment building located at 913 Joliet Drive. The properties are both located in Cahokia Heights, IL and are 1.5 miles away from each other. Occupancy is currently at 100%. 2025 lease rate for new tenants is at $975 per month. There is very high demand for apartment housing in Cahokia Heights. Previous vacancies have all had multiple applications submitted the first week the units were on the market to be rented.

ASK ABOUT THIS PROPERTY

Brendan BaroneKunkel Commercial GroupMore Info
618-606-3829

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Brendan BaroneKunkel Commercial GroupMore Info
618-606-3829

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