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1832 Cleveland Blvd 12 Unit Apartment Building $1,475,000 ($122,917/Unit) 9.30% Cap Rate Granite City, IL 62040
EXECUTIVE SUMMARY
Turnkey Investment with Guaranteed Income & Expansion Potential! This 12-unit apartment complex is a prime investment opportunity, generating $11,500 in contracted monthly income.
PROPERTY FACTS
| Price | $1,475,000 | Building Class | B |
| Price Per Unit | $122,917 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 5,580 SF |
| Cap Rate | 9.30% | No. Stories | 1 |
| No. Units | 12 | Year Built | 1980 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | MF - Multi Family | ||
| Price | $1,475,000 |
| Price Per Unit | $122,917 |
| Sale Type | Investment |
| Cap Rate | 9.30% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 5,580 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Opportunity Zone |
Yes |
| Zoning | MF - Multi Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 22-2-19-24-08-204-005 | Improvements Assessment | $56,470 |
| Land Assessment | $3,520 | Total Assessment | $59,990 |
PROPERTY TAXES
Parcel Number
22-2-19-24-08-204-005
Land Assessment
$3,520
Improvements Assessment
$56,470
Total Assessment
$59,990
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1832 Cleveland Blvd
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