For Sale
$319,000

505 Poplar St Carbondale, IL 62901

Ten-unit apartment complex, great potential.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a ten-unit apartment complex located at 505 S. Poplar Street, Carbondale, Illinois, 62901. The property boasts a total square footage of 7,308 and is classified as multifamily and commercial. The building comprises a mix of unit sizes: five units feature two bedrooms each, while the remaining five units offer one bedroom each. All units are equipped with essential appliances including a range, dishwasher, and refrigerator. A significant convenience for residents, eight of the ten units include in-unit washer and dryer hookups. Ample parking is available for residents and guests. Please note that the 2022 financial records reflect the negative impact of the COVID-19 pandemic. Despite this, the property presents a strong potential for future growth and profitability, making it an attractive investment opportunity in the thriving Carbondale market. The asking price for this property is $319,000. This is a prime opportunity for investors seeking a multifamily property in a desirable location.

Highlights

  • Ten-unit apartment complex at 505 S. Poplar Street, Carbondale, IL 62901.
  • 7,308 square feet; multifamily/commercial classification.
  • Five 2-bedroom units and five 1-bedroom units; all with range, dishwasher, and refrigerator.
  • Eight units with in-unit washer/dryer hookups; ample parking.
  • 2022 financials impacted by COVID-19; strong potential for future growth.
  • Asking price: $319,000.

Property Details for 505 Poplar St

Property type
Land, Apartment buildings
Square Feet
7,308 SF

Location Insight

City
Carbondale
County
Jackson
State
Illinois
Latitude
37.7225766
Longitude
-89.2212008

FAQs

What type of property is this?
Land - Ten-unit apartment complex, great potential.
Where is the land located?
The property is located at 505 Poplar St Carbondale, IL.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Ten-unit apartment complex at 505 S. Poplar Street, Carbondale, IL 62901.; 7,308 square feet; multifamily/commercial classification.; Five 2-bedroom units and five 1-bedroom units; all with range, dishwasher, and refrigerator.
How can I contact the broker?
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505 Poplar St
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