Log In/Sign Up
Your email has been sent.
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 |
1 1
Property Taxes
| Parcel Number | 19-2-08-16-17-303-029 | Total Assessment | $14,940 (2024) |
| Land Assessment | $1,870 (2024) | Annual Taxes | $1,500 ($1.16/SF) |
| Improvements Assessment | $13,070 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
19-2-08-16-17-303-029
Land Assessment
$1,870 (2024)
Improvements Assessment
$13,070 (2024)
Total Assessment
$14,940 (2024)
Annual Taxes
$1,500 ($1.16/SF)
Tax Year
2025
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
3 units in East Alton, IL | 187 Goulding St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.