406 University AveCarbondale, IL 62901
- Residential income homes
- 1,196 SF
Property Details for 406 University Ave
- Year built
- 1943
- Property size (Sq ft)
- 1,196 SF
- Property type
- Residential income homes
- Property subtype
- Apartment buildings
Description
This 1,196 square foot multifamily property, located at 406 S University Ave, Carbondale, IL 62901, presents a compelling investment opportunity. The property, built in 1943, features four units within a single, one-story building situated on a 1,196 square foot lot. The property boasts a Net Operating Income (NOI) of $3,092 and includes four parking spaces. The metal roof is a notable feature. This property is being sold AS-IS. The property is conveniently located near Southern Illinois University. While requiring some renovations ("TLC"), this investment offers significant upside potential. This is an individual ownership property with APN 15-21-184-014. Additional properties owned by the same investor are available for purchase as a package deal. Serious inquiries are encouraged.
Location Insight
- City
- Carbondale
- County
- Jackson
- State
- Illinois
- Latitude
- 37.7237
- Longitude
- -89.2182
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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