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1375 Vandalia St
Collinsville, IL 62234
Ashley Bell · Multifamily Property For Sale
·
58 Units
Investment Highlights
- Value-add opporutnity
- Convenient location for transportation & work
- High demand area
- Additional buildings available
Property Facts
| No. Units | 58 | Building Size | 49,300 SF |
| Property Type | Multifamily | Average Occupancy | 65% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1960/1990 |
| Building Class | C | Parking Ratio | 1.52/1,000 SF |
| Lot Size | 1.62 AC | ||
| Zoning | B-4 - Commercial | ||
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.62 AC |
| Building Size | 49,300 SF |
| Average Occupancy | 65% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/1990 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | B-4 - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- High Speed Internet Access
- Vinyl Flooring
- Window Coverings
Site Amenities
- Laundry Facilities
- Gas Range
About 1375 VANDALIA ST , COLLINSVILLE, IL 62234
High vacancy property with huge upside. Two brick buildings with mix of 1 & 2 bed units off convenient Vandalia St. in Collinsville. Great opportunity for an operator to come in and update units and push rents. Potential Section 8 rents are $625 & $750 with long list of voucher holders per Madison County Housing Authority.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $495.00 | 850 |
| 2+1 | 34 | $550.00 | 1,000 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $378,490 | |
| Land Assessment | $43,480 | Total Assessment | $421,970 |
Property Taxes
Parcel Numbers
Land Assessment
$43,480
Improvements Assessment
$378,490
Total Assessment
$421,970
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