Swansea, IL 62226,1450 -1460 Morgan ST
Swansea, IL 62226,1450 -1460 Morgan ST
Swansea, IL 62226,1450 -1460 Morgan ST
29
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$1,600,000
$1,650,000 3.0%
Est. payment /mo
7,800 SqFt
Sold on 02/04/2025

1450 -1460 Morgan ST Swansea, IL 62226

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Amanda Alejandro
Amanda Alejandro

+1(636) 544-2288

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Key Details

Sold Price $1,600,000

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 7,800 sqft

Price per Sqft $205

MLS Listing ID 24071786

Year Built 1972

Building Age 53

Lot Size 1.070 Acres

Property Sub-Type Multi-Family 5+

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

Laundry Coin Operated, Common Laundry

Building

Sewer Public Sewer

Water Public

Structure Type Brick Veneer,Concrete

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

Acceptable Financing Cash Only, Conventional

Listing Terms Cash Only, Conventional

Special Listing Condition No Exemptions, None


Listed by Betsy Butler • Re/Max Alliance
Bought with Default Zmember

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agent

Amanda Alejandro

+1(636) 544-2288

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1450 -1460 Morgan ST