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701 South Rawlings Street 701 S Rawlings St 3 Unit Apartment Building $89,900 ($29,967/Unit) 15.67% Cap Rate Carbondale, IL 62901

Apartment Buildings Illinois Carbondale 701 S Rawlings St, Carbondale, IL 62901

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INVESTMENT HIGHLIGHTS

  • Separate electric, water and gas meters!!!!!
  • AWESOME PROPERTY!!!!!
  • Central heat and air!!!!

EXECUTIVE SUMMARY

NICE TRIPLEX!!!
3 x 1bed/1bath units. Each one will rent for $550. Separate electric, water and gas meters, no utility expenses! Units have central heating and cooling. PROPERTY WILL GENERATE A 14.84% NET RETURN ON INVESTMENT!!! OVER $25K IN VALUE ADD!!! Do not miss out on this investment opportunity.
Property management and financing is available!!

ATTACHMENTS

Flyer 701 South Rawlings Street, Carbondale, IL

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $19,800 $9.78
Other Income - -
Vacancy Loss - -
Effective Gross Income $19,800 $9.78
Taxes $2,896 $1.43
Operating Expenses $2,820 $1.39
Total Expenses $5,716 $2.82
Net Operating Income $14,084 $6.96

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual $19,800
Annual Per SF $9.78
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $19,800
Annual Per SF $9.78
Taxes
Annual $2,896
Annual Per SF $1.43
Operating Expenses
Annual $2,820
Annual Per SF $1.39
Total Expenses
Annual $5,716
Annual Per SF $2.82
Net Operating Income
Annual $14,084
Annual Per SF $6.96

PROPERTY FACTS

Price $89,900 Apartment Style Low-Rise
Price Per Unit $29,967 Building Class C
Sale Type Investment Lot Size 0.10 AC
Cap Rate 15.67% Building Size 2,024 SF
No. Units 3 No. Stories 2
Property Type Multifamily Year Built 1938
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
 Parking Ratio 1.48/1,000 SF
Zoning MULTI-FAMILY - Multi-family
Price $89,900
Price Per Unit $29,967
Sale Type Investment
Cap Rate 15.67%
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.10 AC
Building Size 2,024 SF
No. Stories 2
Year Built 1938
Parking Ratio 1.48/1,000 SF
Zoning MULTI-FAMILY - Multi-family

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 3 $550.00 -

LINKS

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(754) 251-0201

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Contact the broker for more information about this property

CONTACT

  • Eli Ahmadov
    Eli Ahmadov

  • Listing ID: 37914863

  • Date on Market: 10/2/2025

  • Last Updated:

  • Address: 701 S Rawlings St, Carbondale, IL 62901

More public record information on 701 S Rawlings St, Carbondale, IL 62901

The Multifamily Property at 701 S Rawlings St, Carbondale, IL 62901 is currently available for Sale. Contact LOYD Realty for more information.

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701 South Rawlings Street | 701 S Rawlings St
(754) 251-0201 x

701 South Rawlings Street | 701 S Rawlings St

Eli Ahmadov
(754) 251-0201

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