1822 W Main UNIT 5, Belleville, IL 62226 | MLS 18066795 | Listing Information | Real Living Now Real Estate | Real Living Real Estate
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1822 W Main UNIT 5,  Belleville IL, 62226

Status: Active
MLS#: 18066795
1of
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Real Living Now Real Estate
(636) 379-2378

Listing Provided Courtesy Of: AH REALTY ADVISORS, LLC
Last Updated: 11/19/2018 6:49 PM
Description for 1822 W Main UNIT 5 Belleville, IL 62226
New to the market! 12 unit apartment building close to Lindenwood University. (8) 1- bedroom units(some over-sized) and (4) Studio apartments. Rents range from $400 -$550 p/m. Property underwent a large renovation in 2016 which included some new HVAC units as well as windows and the complete exterior of the building was repainted. 10 units had full renovations completed and 3 units were lightly rehabbed. All tenants are current and the historical vacancy rate is 3%. Value added possibilities are to remodel units 1 and 2 and increase rents so be receiving an extra $200 p/m. Also the addition of storage lockers could add an extra $25 p/m to each unit Landlord pays for water, sewer and trash and a house electric meter. Gross Income: $67,230 / Expenses: $27,882 / NOI $39,348. Cap Rate is 9.84%
Price
$399,900
E Of Sub
St Clair-IL
18066795
Active
Description
New to the market! 12 unit apartment building close to Lindenwood University. (8) 1- bedroom units(some over-sized) and (4) Studio apartments. Rents range from $400 -$550 p/m. Property underwent a large renovation in 2016 which included some new HVAC units as well as windows and the complete exterior of the building was repainted. 10 units had full renovations completed and 3 units were lightly rehabbed. All tenants are current and the historical vacancy rate is 3%. Value added possibilities are to remodel units 1 and 2 and increase rents so be receiving an extra $200 p/m. Also the addition of storage lockers could add an extra $25 p/m to each unit Landlord pays for water, sewer and trash and a house electric meter. Gross Income: $67,230 / Expenses: $27,882 / NOI $39,348. Cap Rate is 9.84%
Listing Information
Property Type: Other
0.11 Acres
E Of Sub
Public Water Service, Gas Water Heater
Public Sewer
Neighborhood
School Information
District: Belleville Dist 118
BELLEVILLE DIST 118 BELLEVILLE DIST 118 BELLEVILLE HIGH SCHOOL-WEST
Room Information
Interior Features
Window Air Conditioning, Wall Air Conditioning
Gas Heat, Electric Heating, Forced Air
Exterior / Lot Features
On Street
In City
Driving Directions
West Main to 18th St
Financial Considerations
$9,346
Listing Price History

Belleville Real Estate

Belleville is located in Illinois. Belleville, Illinois 62226 has a population of 13,543.

The median household income in Belleville, Illinois 62226 is $66,491. The median household income for the surrounding county is $50,728 compared to the national median of $53,482. The median age of people living in Belleville 62226 is 40.6 years.

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Courtesy: Michael Sintzel - AH REALTY ADVISORS, LLC314-773-1700
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2018 Mid America Regional Information Systems
This content last refreshed on 11/19/2018 6:49 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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