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$ 625,000
Est. payment | /mo
$ 625,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Active
Purchase Type For Sale
Subdivision Normandy Village
MLS Listing ID 24067710
Construction Status 50
Year Built 1974
Building Age 50
Lot Dimensions 144x208
Property Description
Seize an exceptional investment opportunity in the heart of Belleville with these four all-brick duplexes on adjoining parcels! Recent rent increases still leave plenty of room to align with local two-bedroom averages, offering strong potential for future growth. Rest easy with all four roofs newly replaced in 2023, and benefit from the hands-on care of a top-tier property manager from O'Fallon. Tenants cover all of their own utilities and cost-effective lawn care at just $65 per cut adds to your bottom line. Each well-maintained unit features a spacious kitchen, ample living area, two generous bedrooms, laundry hookups, and covered parking—an attractive bonus for tenants. With low maintenance and solid returns, now is the perfect time to take advantage of falling interest rates and maximize your investment! 337 - $700, 339 - $800, 341 - $750, 343 - $750, 345 - $750, 347 -$750, 351 - $800, 353 - $850. Market rents for area are $850-$950.
Location
State IL
County St Clair-il
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Appliance Washer/Dryer
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer
Construction Status 50
Schools
Elementary Schools Belleville Dist 118
Middle Schools Belleville Dist 118
High Schools Belleville High School-East
School District Belleville Dist 118
Others
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition No Exemptions, None
Listed by Christopher Kelly • Real Broker LLC