Description

Address: 1152 E Broadway Ave, Centralia, IL 62801

Nestled on the outskirts of town, this duplex offers a unique investment opportunity with one unit already leased and generating income. While the leased unit ensures immediate returns, the second unit presents a chance for improvement and increased rental potential.

Conveniently located near the hospital and a major roadway, this property enjoys easy access to essential amenities and transportation routes, enhancing its appeal to potential tenants. The bustling surroundings provide a steady flow of income.Despite its current state, the duplex's proximity to key facilities and thoroughfares positions it as an attractive prospect for investors looking to capitalize on the growing demand for rental properties in the area. With thoughtful renovations and strategic marketing, this property holds the promise of lucrative returns and sustained value appreciation in the dynamic real estate market.

• Age of the home: 1952
• Square Footage: 1,588 (source: County)
• Lot Size: 56 x 125 (source: County)
• Heating: Gas, Forced Air
• Cooling: Electric, Central Air
• Water Heater: Gas
• Roof: Metal
• Utility Providers:
  • Water ~ City
  • Sewer ~ City
  • Electric ~ Ameren
  • Gas ~ City
• School District(s): Centralia
• Drive Times:
  • 20 minutes to Mt vernon IL
  • 1.25 hours to St Louis MO

Title Company: Hudspeth law Salem

Financing: Cash or Conventional

Directions:  Hwy 161 west of Centralia IL to Broadway Ave and turn east to property on north side.

Legal Description: LANGENFELD ADD ALL LOT 12 BLK 2 MARION COUNTY IL

Parcel(s): 14-00-065-915

Taxes: 2022 - $2,460.00

P# 801 /  MLS # EB452893  /  Sold for $60,000.00 on 11/19/2024

LISTED by Property Peddler Inc.

Managing Broker Mike Hammond 618-400-4859