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3 units in East Alton, IL 187 Goulding St 3 Unit Apartment Building $79,900 ($26,633/Unit) 18.15% Cap Rate East Alton, IL 62024
INVESTMENT HIGHLIGHTS
- Cheap to maintain
- long term tenants
- Fully rented
- separate electric, water and gas meters
EXECUTIVE SUMMARY
GREAT INVESTMENT!!! Duplex and single family, total of 3 units. Fully rented, long term tenants.. Separate electric, water and gas meters, no utility expenses! Close to a big city!!! CHEAP TO MAINTAIN!!! PROPERTY WILL GENERATE A GREAT NET RETURN ON INVESTMENT!!! OVER $15K IN VALUE ADD!!! Do not miss out on this investment opportunity.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$19,200
|
$14.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$19,200
|
$14.91
|
| Taxes |
$1,500
|
$1.16
|
| Operating Expenses |
$3,200
|
$2.48
|
| Total Expenses |
$4,700
|
$3.65
|
| Net Operating Income |
$14,500
|
$11.26
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $19,200 |
| Annual Per SF | $14.91 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $19,200 |
| Annual Per SF | $14.91 |
| Taxes | |
|---|---|
| Annual | $1,500 |
| Annual Per SF | $1.16 |
| Operating Expenses | |
|---|---|
| Annual | $3,200 |
| Annual Per SF | $2.48 |
| Total Expenses | |
|---|---|
| Annual | $4,700 |
| Annual Per SF | $3.65 |
| Net Operating Income | |
|---|---|
| Annual | $14,500 |
| Annual Per SF | $11.26 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Tub/Shower
- Yard
- Basement
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $550.00 | 700 - 704 |
| 1+1 | 2 | $500.00 | 500 |
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3 units in East Alton, IL | 187 Goulding St
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