Check out this 4 unit apartment complex that is currently set up as 1 bed / 1 bath units. Property includes an off-street parking area for tenants and is also a block away from Dollar General. Repairs are needed, but there is potential for quick cash flow since one unit at a time could be updated and rented out while work on the remaining units are completed. There is only 1 water meter going to the property. Could be a great investment opportunity!
4900 sq ft apartment building outside walls are block and brick, Currently 4 apartments set up inside of this building. Configuration can be adjusted since interior walls are not load barring. There are 3 2 bedroom and one 3 bedroom units in the current configuration. The exterior has been updated with newer windows and fresh paint. The interior varies from down to the studs to needing fresh paint, there is every level in between. If you are looking for a small investment and wanting a good return this may be the one to start with.
Marissa is located in Illinois. Marissa, Illinois has a population of 1,288. Marissa is less family-centric than the surrounding county with 18.87% of the households containing married families with children. The county average for households married with children is 26.14%.
The median household income in Marissa, Illinois is $47,262. The median household income for the surrounding county is $63,017 compared to the national median of $69,021. The median age of people living in Marissa is 47.2 years.
The average high temperature in July is 89.6 degrees, with an average low temperature in January of 22.4 degrees. The average rainfall is approximately 43.7 inches per year, with 11.2 inches of snow per year.