1102 Oak StWest Frankfort, IL 62896

Property Details for 1102 Oak St

Property type

Land

Property subtype

Apartment buildings

Description

This exceptional investment opportunity in West Frankfort, Illinois, presents a lucrative chance to acquire a 21-unit multifamily property encompassing two lots. The property includes a remodeled, two-bedroom, one-bathroom single-family home currently leased for $500 per month. The home boasts hardwood and tile floors throughout, and recent upgrades include a new HVAC system, attic fan, attic insulation, and a vapor barrier with spray foam insulation. In addition to the residential rental, the property features a 20-unit storage building, generating consistent income. Eight smaller units rent for $25 per month, while twelve larger units rent for $45 per month. The combined rental income from the house and storage units provides a strong cash flow. The property's address is 1102 W OAK Street, West Frankfort, IL 62896, and the tax bill reflects ownership of both lots. This turnkey investment is priced at $139,000 and offers significant potential for future growth and appreciation in the West Frankfort market. The property's location in Franklin County, Illinois, provides easy access to local amenities and transportation routes. This is an ideal opportunity for investors seeking a diversified income stream with a proven track record of rental success. The property is ready for immediate ownership and income generation.

Location Insight

City

West Frankfort

County

Franklin

State

Illinois

Latitude

37.8968

Longitude

-88.9413

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