Homes for sale - 1450 -1460 Morgan ST, Swansea, IL 62226

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Ramsey Stewart, REALTOR

Real Broker LLC

ramseystewart1@gmail.com +1(417) 650-5364

$ 1,650,000

Est. payment | -/mo

7,800 SqFt

Save

$ 1,650,000

Est. payment | -/mo

Save

7,800 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Pending

Purchase Type For Sale

Square Footage 7,800 sqft

Price per Sqft $211

MLS Listing ID 24071786

Construction Status 52

Year Built 1972

Building Age 52

Lot Size 1.070 Acres

Acres 1.07

Lot Dimensions 1.07

Property Description

Prime investment opportunity! First time on the market in 30 years for two 12-unit apartment buildings in highly sought after park like location. This property features 21 two bedroom/one bath units, 3 one bedroom/one bath units, and ample parking on 1.07 acre lot close Scott AFB, Fairview Heights, Belleville, and MetroLink. 23 units currently rented with 1 one bedroom apartment available for immediate rental. Tenants pay water, sewer, and electric. Each building has coin operated laundry. 1460 Morgan has storage lockers for tenants. 10 x 12 storage shed on site for property manager use. Owner has meticulously maintained the property with routine maintenance as needed over the years. City of Swansea Occupancy inspections have been completed with each vacancy. Don't miss your chance to own a significant income asset with excellent potential. Properties to be sold together and not separately.

Location

State IL

County St Clair-il

Interior

Heating Forced Air

Cooling Electric

Fireplace N

Laundry Coin Operated, Common Laundry

Building

Sewer Public Sewer

Water Public

Structure Type Brick Veneer,Concrete

Construction Status 52

Schools

Elementary Schools High Mount Dist 116

Middle Schools High Mount Dist 116

High Schools Belleville High School-West

School District High Mount Dist 116

Others

Ownership Owner by Contract

Acceptable Financing Cash Only, Conventional

Listing Terms Cash Only, Conventional

Special Listing Condition No Exemptions, None

Listed by Betsy Butler • Re/Max Alliance

+1(417) 650-5364

ramseystewart1@gmail.com

716 N 22nd St, Ozark, MO, 65721

1450 -1460 Morgan ST Swansea, IL 62226