323 Walnut StCarbondale, IL 62901

Property Details for 323 Walnut St

Property size (Sq ft)

2,486 SF

Property type

Residential income homes

Property subtype

Apartment buildings

Description

This exceptional investment opportunity presents a 2-story, 1-unit apartment building located at 323 W Walnut St, Carbondale, IL 62901. The property boasts a total square footage of 2,486 square feet, encompassing both the building and lot size. Currently configured as an 8-bedroom student housing unit, it offers significant potential for rental income. The property features one parking space and generates a Net Operating Income (NOI) of $8,980. The asking price is $100,000. This property is individually owned and is part of a larger portfolio of investment properties available for sale, either individually or as a package. The current tenant is under a one-year lease and requires 48-hour notice for showings. The property's APN is 15-21-181-001. This is a prime opportunity for investors seeking a strong return in the Carbondale, Illinois market. The property is managed by the owner.

Location Insight

City

Carbondale

County

Jackson

State

Illinois

Latitude

37.7249

Longitude

-89.2207

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