Log In/Sign Up
Your email has been sent.
505 South Poplar St 505 S Poplar St 10 Unit Apartment Building $339,900 ($33,990/Unit) 15.51% Cap Rate Carbondale, IL 62901
EXECUTIVE SUMMARY
Awesome 10 unit complex!!!
High quality construction. Separate electric and water meters, tenants pay all utilities. Each unit has washer and dryer hookups, as well as dishwashers. 5 x 1bed/1bath and 5 x 2bed/1bath units. 1beds will rent for $600+ and 2beds will rent for $750+. Great location, minutes away from Southern Illinois University. Do not miss out on this opportunity. Building will generate a 15%+ NET RETURN ON INVESTMENT!! $65K VALUE ADD POTENTIAL!!!
Financing and professional management is available.
High quality construction. Separate electric and water meters, tenants pay all utilities. Each unit has washer and dryer hookups, as well as dishwashers. 5 x 1bed/1bath and 5 x 2bed/1bath units. 1beds will rent for $600+ and 2beds will rent for $750+. Great location, minutes away from Southern Illinois University. Do not miss out on this opportunity. Building will generate a 15%+ NET RETURN ON INVESTMENT!! $65K VALUE ADD POTENTIAL!!!
Financing and professional management is available.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$81,000
|
$10.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$81,000
|
$10.54
|
| Taxes |
$11,668
|
$1.52
|
| Operating Expenses |
$16,620
|
$2.16
|
| Total Expenses |
$28,288
|
$3.68
|
| Net Operating Income |
$52,712
|
$6.86
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $81,000 |
| Annual Per SF | $10.54 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $81,000 |
| Annual Per SF | $10.54 |
| Taxes | |
|---|---|
| Annual | $11,668 |
| Annual Per SF | $1.52 |
| Operating Expenses | |
|---|---|
| Annual | $16,620 |
| Annual Per SF | $2.16 |
| Total Expenses | |
|---|---|
| Annual | $28,288 |
| Annual Per SF | $3.68 |
| Net Operating Income | |
|---|---|
| Annual | $52,712 |
| Annual Per SF | $6.86 |
PROPERTY FACTS Under Contract
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | $750.00 | - |
| 1+1 | 5 | $600.00 | - |
1 1
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 15-21-327-006 | Total Assessment | $112,759 (2024) |
| Land Assessment | $11,442 (2024) | Annual Taxes | $11,668 ($1.60/SF) |
| Improvements Assessment | $101,317 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
15-21-327-006
Land Assessment
$11,442 (2024)
Improvements Assessment
$101,317 (2024)
Total Assessment
$112,759 (2024)
Annual Taxes
$11,668 ($1.60/SF)
Tax Year
2025
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
505 South Poplar St | 505 S Poplar 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.