14209 State Highway 34, Benton, IL 62931 | MLS EB440757 | Listing Information | Real Living McCollum Real Estate | Real Living McCollum Real Estate
Real Living McCollum Real Estate
(618) 435-5531
Pending
$209,000

14209 State Highway 34
Benton, IL 62931

Other
Residence
1.25
Acre Lot
1of
Photos
Map
Courtesy: COLDWELL BANKER J. DAVID THOMPSON
Attention Investors. This income producing property located on a high visibility highway on the edge of Benton is now available to add to your portfolio. When at full capacity, there are 59 total storage units. 5 Double units (11 x 24) at $90 each for $450 a month, 34 Large units (11 x 11) at $45 each for $1,530 a month, and 20 Small units (5 x 11) at $25 each for $500 a month. Potential income at full capacity is $2,480 per month or $29,760 per year. Expenses for taxes, mowing, waster, electric and insurance total $4,842 per year. For a net profit of $24,918 if at full capacity. That would be roughly a 12% CAP rate, or between 8 and 9 years to fully get back what you paid for the property with a full price offer. Call today to discuss adding this to your investment portfolio!
EB440757
Other
Franklin
1.25 Acres
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