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5-19 Orblon Pl
Belleville, IL 62221
5-19 Orbon Pl, Belleville, IL 62221 · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Four two family buildings. All units have separate utilities including gas, electric, sewer and water which the tenants pay.
- Close to MetroLink station
- Fully leased with an average rent of $700
Property Facts
| No. Units | 8 | Lot Size | 0.50 AC |
| Property Type | Multifamily | Building Size | 8,704 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1920 |
| Zoning | R | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 8,704 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1920 |
| Zoning | R |
Amenities
Unit Amenities
- Air Conditioning
- Tub/Shower
- Carpet
About 5-19 ORBLON PL , BELLEVILLE, IL 62221
Four two family buildings all in a row. Seller has been renovating them slowly over the last few years, now complete and all leased. The units are easy to lease as they are in very good condition with many recent updates. Although most tenants drive cars the Belleville Metro Station (part of the St. Louis MetroLink system) is only 3/10 mile walk from the buildings allowing tenants access to the MetroLink system which goes throughout the St. Louis metro region. The current owner has had the buildings for many years and has recently re-tenanted them after another investor, who wanted most of them vacant for his family, failed to close. Because of this 2018 and early 2019 income and expense information contains many bills which are not typical for the building operations. Currently the units are full with six of the rents at $700 with one at $750 and one at $675. This is a great opportunity to own a small multifamily building in the St Louis Metro area with good cash flow. All 4 buildings are on individual lots. Professional management is in place.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $687.50 | - |
Property Taxes
| Parcel Number | 08-22.0-217-027 | Improvements Assessment | $37,087 |
| Land Assessment | $3,300 | Total Assessment | $40,387 |
Property Taxes
