For Sale
$425,000

600 Washington St Carbondale, IL 62901

Nine-unit apartment building, 100% occupied.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 2-story, 9-unit apartment building located at 600 S Washington St, Carbondale, IL 62901. Built in 2008, this property boasts a total of 7,209 square feet, offering 7,209 square feet of net rentable space. The asking price is $425,000, translating to a price per square foot of $58.95 and a price per unit of $47,222.22. Currently operating at 100% occupancy, the property generates a strong Net Operating Income (NOI) of $37,376, resulting in an attractive 8.79% cap rate. Each of the nine units features two bedrooms and one bathroom, with ground-level units designed as flats. Ample parking is provided with 24 spaces on the property's own lot. The property sits on a 7,209 square foot lot and is identified by APN numbers 15-21-410-003 and 15-21-410-004. This is a privately owned multifamily asset offering a compelling return on investment. A 48-hour notice is required for showings.

Highlights

  • Exceptional 9-unit apartment building investment opportunity in Carbondale, IL.
  • 2-story building (7,209 sq ft) built in 2008, offering 7,209 sq ft of net rentable space.
  • Asking price: $425,000 ($58.95/sq ft, $47,222/unit).
  • Currently 100% occupied, generating a strong $37,376 NOI and 8.79% cap rate.
  • Nine 2-bedroom/1-bathroom units (ground-level units are flats), with 24 parking spaces on a 7,209 sq ft lot.
  • APN: 15-21-410-003 & 15-21-410-004. 48-hour notice required for showings.

Property Details for 600 Washington St

Property type
Apartment buildings
Square Feet
7,209 SF
Year Built
2008
Buildings
1
Stories
2
Units
9

Location Insight

City
Carbondale
County
Jackson
State
Illinois
Latitude
37.72129411304
Longitude
-89.214636477099

FAQs

What type of property is this?
Apartment building - Nine-unit apartment building, 100% occupied.
Where is the apartment building located?
The property is located at 600 Washington St Carbondale, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Exceptional 9-unit apartment building investment opportunity in Carbondale, IL.; 2-story building (7,209 sq ft) built in 2008, offering 7,209 sq ft of net rentable space.; Asking price: $425,000 ($58.95/sq ft, $47,222/unit).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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600 Washington St
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