701 James StCarbondale, IL 62901

Property Details for 701 James St

Year built

1953

Property size (Sq ft)

2,155 SF

Property type

Residential income homes

Property subtype

Apartment buildings

Description

This exceptional investment opportunity presents a single-family rental portfolio comprised of a 1953-built, one-story, five-bedroom, two-bathroom apartment building located at 701 S James St, Carbondale, IL 62901. The property boasts a total of 2,155 square feet, situated on a 2,155 square foot lot. Currently tenant-occupied under a one-year lease (requiring 48-hour notice for showings), this property offers a strong return on investment. The asking price is $80,000, translating to a price per square foot of $37.12 and a compelling cap rate of 8.84%. The Net Operating Income (NOI) stands at $7,070. The property is zoned "Other" and is held in a trust. This is a single-unit building, making it an ideal entry point for investors seeking a manageable, high-yield property. This property is available for sale individually, but is also part of a larger portfolio of investment properties. Further details on the additional properties are available upon request. The property's APN is 15-21-310-001. This is a fantastic opportunity to acquire a well-performing asset in a desirable location.

Location Insight

City

Carbondale

County

Jackson

State

Illinois

Latitude

37.7203

Longitude

-89.2265

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