408 Main St | Mount Vernon, IL 62864
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- LoopNet Team
408 Main St
Mount Vernon, IL 62864
Main Street Apartments · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Stabilized asset
- Some value add opportunity by increasing rents
- High visability downtown location
- High demand rental market
- Low maintenace
PROPERTY FACTS
| No. Units | 8 | Building Size | 5,422 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1940 |
| Building Class | C | Parking Ratio | 2.21/1,000 SF |
| Lot Size | 0.41 AC | ||
| Zoning | R-3 High Density Resident | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 5,422 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 2.21/1,000 SF |
| Zoning | R-3 High Density Resident |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Oven
- Range
SITE AMENITIES
- Public Transportation
ABOUT 408 MAIN ST , MOUNT VERNON, IL 62864
8 unit apartment building in downtown Mt. Vernon Illinois. Currently 100% percent occupied, 5 units have been update with new flooring and paint. Mt. Vernon Has a population of 15,000 people and is the county seat of Jefferson County. Major employers are Walgreens Distribution, Continental Tire, Magnum Steel, Good Samaritan Hospital. Traffic count is about 7600 a day and high viability close all amenities help make this a very attractive place to live and travel to work.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $487.50 | 600 |
PROPERTY TAXES
| Parcel Number | 07-29-405-020 | Improvements Assessment | $83,077 |
| Land Assessment | $15,837 | Total Assessment | $98,914 |
PROPERTY TAXES
Parcel Number
07-29-405-020
Land Assessment
$15,837
Improvements Assessment
$83,077
Total Assessment
$98,914
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