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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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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
Bought with Default Zmember
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