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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
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!!
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!!
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 Under Contract
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $550.00 | - |
1 1
Bike Score®
Very Bikeable (82)
Property Taxes
| Parcel Number | 15-21-331-001 | Total Assessment | $25,413 (2024) |
| Land Assessment | $5,344 (2024) | Annual Taxes | $2,896 ($1.43/SF) |
| Improvements Assessment | $20,069 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
15-21-331-001
Land Assessment
$5,344 (2024)
Improvements Assessment
$20,069 (2024)
Total Assessment
$25,413 (2024)
Annual Taxes
$2,896 ($1.43/SF)
Tax Year
2025
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701 South Rawlings Street | 701 S Rawlings St
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