IL > Belleville
Belleville, IL 62226,320 W H ST
Belleville, IL 62226,320 W H ST
Belleville, IL 62226,320 W H ST
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$450,000
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5,760 SqFt
Active

320 W H ST Belleville, IL 62226

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Amanda Alejandro

Amanda Alejandro

Realty Shop

+1(636) 544-2288

UPDATED:

12/15/2024 08:32 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 5,760 sqft

Price per Sqft $78

MLS Listing ID 24073225

Construction Status 46

Year Built 1978

Building Age 46

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions 315*125

Property Description

Prime Investment Opportunity in the Heart of Belleville located just minutes from the square. This property features eight units: four spacious one-bedroom apartments and four comfortable two-bedroom apartments offering flexibility to any potential renter's living situation. Tenants enjoy the convenience of coin-operated laundry and ample parking, all while benefiting from the property’s private, tucked-away setting. Current rents are significantly below market, offering savvy investors an exceptional opportunity to increase cash flow and build equity quickly. Owner covers W/S/T Cap rate: 5.96% Rents: 765, 575, 503 (sec 8 assisted), 675, 630 (sec 8 assisted), 675, 675, 775. Whether purchased individually or as part of a package (see MLS#:24073227), this property is poised for growth. Don’t miss out on this incredible chance to expand your portfolio! Seller is willing to take 20% 2nd mortgage at 7% amortize for 15yrs, first payment due at 30 days after closing, balloon at 3yrs

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,Vinyl Siding

Construction Status 46

Schools

Elementary Schools Belleville Dist 118

Middle Schools Belleville Dist 118

High Schools Belleville High School-East

School District Belleville Dist 118

Others

Ownership Private

Acceptable Financing Cash Only, Conventional

Listing Terms Cash Only, Conventional

Special Listing Condition No Exemptions, None

Listed by Christopher Kelly • Real Broker LLC

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Amanda Alejandro

+1(636) 544-2288

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