For Sale
$120,000

412 Hester StCarbondale, IL 62901

High-yield, 3-unit apartment building

Overview

Added:
Dec 11, 2024
Days on market:
125
Exceptional investment opportunity in Carbondale, Illinois, featuring a three-unit apartment building constructed in 1988. This property boasts a total of 2,550 square feet of net rentable space, spread across a two-story building situated on a 2,550 square foot lot. The property includes ample parking with eight spaces available. Each of the three units offers three bedrooms and one and a half bathrooms, providing comfortable living spaces for tenants. Currently, two units are occupied by long-term tenants. The property is being sold as-is. The asking price is $120,000, translating to a price per unit of $40,000 and a price per square foot of $47.06. The property enjoys a strong 10.63% capitalization rate, generating a net operating income (NOI) of $12,752. The property is zoned "Other" and its address is 412 E Hester St, Carbondale, IL 62901. The parcel number is 15-21-430-018. Financial details are available upon request. A 24-hour notice is required for showings of occupied units. This is an ideal opportunity for investors seeking a solid return in a desirable location.

Highlights

  • $120,000 asking price for this multifamily investment property.
  • Three-unit apartment building with 2,550 square feet.
  • Located at 412 E Hester St, Carbondale, IL 62901.
  • 10.63% cap rate with a $12,752 NOI.
  • Each unit features three bedrooms and 1.5 bathrooms.

Property Details for 412 Hester St

Property type
Residential income homes, Dormitories
Square Feet
2,550 SF
Year Built
1988
Buildings
1
Stories
2
Units
3

Location Insight

City
Carbondale
County
Jackson
State
Illinois
Latitude
37.720390935857
Longitude
-89.209093417958
412 Hester St, Carbondale, Illinois

FAQs

What type of property is this?
Residential income home - High-yield, 3-unit apartment building
Where is the residential income home located?
The property is located at 412 Hester St Carbondale, IL.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: $120,000 asking price for this multifamily investment property.; Three-unit apartment building with 2,550 square feet.; Located at 412 E Hester St, Carbondale, IL 62901.
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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412 Hester St
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