$150,000.00
Granite City, IL 62040
- 0.14 Acres
- Madison County
Description
Time to start your investment portfolio? Have some 1031X funds? Want to add 6 more doors? Here's an OPPORTUITY to INCREASE monthly CASH FLOW. Consists of both ground & upper units. All-1bd/1ba. Some have bonus areas. As of 1/1/25, 3 units are occupied. Rents total $1875/mo. 4th should be ready.(pending city approval) Renovations for the 5th/6th unit needed for tenant placement. Numbers are estimates/may vary based on multiple factors. Selling AS IS & NO REPAIRS WILL BE MADE. Buyer responsible for municipal inspections. Inspections required for placement of current tenants were completed. Tenants pay electric. Seller pays w/s/t & lawn. Occupied units have refrigerator, stove & wall unit for heat. Some fixtures have been updated. Both sets of stairs to basement; upper landing & handrails have been rebuilt. Water heaters/supply lines have been updated. Coin operated laundry on site. Occupied units require notice. Can be viewed after an accepted offer. May need commercial financing.
Key Features
- Property Type Multi-Family, Residential Income
- Acres 0.14 Acres
- Minerals Call for more info
- MLS # 24073670
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Listing #24073670 Courtesy of Keller Williams Marquee. 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.