9607 Main StBelleville, IL 62223

Property Details for 9607 Main St

Year built

1960

Property size (Sq ft)

5,328 SF

Property type

Apartment buildings

Description

This exceptional 8-unit apartment building presents a compelling investment opportunity in Belleville, Illinois. Boasting a strong 9.80% cap rate and a current NOI of $48,999, this property offers immediate cash flow potential. The building, constructed in 1960 and extensively renovated in 2023, comprises 5,328 square feet across two stories, situated on a 2,664 square foot lot. All eight units, each a one-bedroom, one-bathroom apartment, are currently 100% occupied. Recent upgrades include a new sewer lateral, security cameras and floodlights, five new air conditioning units, new appliances, and new water heaters. The property is zoned B-1 Multifamily and includes eight parking spaces. Its prime location on West Main Street offers convenient access to banks, restaurants, gas stations, and the Metro Link, with easy proximity to Interstates 64 and 255, and just a 10-minute drive from Downtown St. Louis. The asking price is $500,000, representing a price per unit of $62,500 and a price per square foot of $93.84. This meticulously maintained property is ready for immediate ownership and offers a secure and profitable investment. The property's APN is 02350213010 & 02350213009. This is a turnkey opportunity not to be missed.

Location Insight

City

Belleville

County

St. Clair

State

Illinois

Latitude

38.5789

Longitude

-90.0561

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