$450,000
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326 W H Street Belleville, IL 62226
Multi-Family
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Prime Investment Opportunity in the Heart of Belleville located just minutes from the square. This well-maintained 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: 6.46% Rents: 775, 675, 650, 775, 650, 648 (sec 8 assisted), 650, 775. Whether purchased individually or as part of a package (see MLS#24073225), 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
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MLS#
24073227
Property Type
Multi-Family
Year Built
1976
Lot Size
0.15
Sewer
Public Sewer
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