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701 Eagle Pass Dr
Carterville, IL 62918
Lake Logan Apartments · Multifamily Property For Sale
·
60 Units
PROPERTY FACTS
| No. Units | 60 | Building Size | 76,000 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2003 |
| Building Class | B | Parking Ratio | 2.76/1,000 SF |
| Lot Size | 7.16 AC |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.16 AC |
| Building Size | 76,000 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 2003 |
| Parking Ratio | 2.76/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Heating
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Grill
- Double Pane Windows
- Handrails
- Vinyl Flooring
- Warming Drawer
- Wheelchair Accessible (Rooms)
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Furnished Units Available
- Renters Insurance Program
- Hearing Impaired Accessible
- Maintenance on site
- Online Services
- Vision Impaired Accessible
- Individual Locking Bedrooms
- Private Bathroom
- Individual Leases Available
ABOUT 701 EAGLE PASS DR , CARTERVILLE, IL 62918
Lake Logan Apartments is comprised of 60 units in the charming town of Cartersville, IL. This student housing complex is a mix of (42) three-bedroom/one-bath, (18) four-bedroom/one-bath. Of those units, one is utilized as the office, one is a model and two are storage units. All units have a spacious open concept floor plan, fully furnished for the students convenience. Unit amenities include; central air, dishwasher, private balcony, private sink and vanity in each room, and Wi-Fi. Lake Logan offers a large laundry facility and lounge area with vending machines for tenants to enjoy. In the last two years, the landlord has taken great pride in the property by power washing every building to remove buildup, replacing water heaters, adding landscaping and remodeling many of the units. The property also appeals to the corporate business market as a place for temporary housing. Lake Logan Apartments are right across the street from John A. Logan College and a ten-minute drive to Southern Illinois University. John A. Logan College offers a beautiful campus for its over 4500 full-time and part-time students. The area is also home to many natural beauties; The Shawnee National Forest featuring Garden of the Gods, Giant City State Park, Crab Orchard Lake and Wildlife Preserve just to name a few. Carterville is within one and half hour to four-hour drive to St. Louis, MO, Nashville, TN, Lexington, KY and Memphis, TN. The City is part of the Carbondale, IL/ Marion, IL demographic area and is rapidly growing as a residential community. Carterville was well known in the coal mining industry. Today, that industry is still a part of the town, in addition to, retail trade, education, manufacturing, healthcare and hospitality. Lake Logan represents a tremendous value add opportunity to increase occupancy through improved management. In addition, there is approximating 1.4 acres of land included with the property for future development of additional apartments and or retail.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 20 | - | 900 |
| 3+1 | 20 | - | 1,000 |
| 4+1 | 20 | - | 1,050 |
PROPERTY TAXES
| Parcel Number | 05-09-478-002 | Improvements Assessment | $568,430 |
| Land Assessment | $252,210 | Total Assessment | $820,640 |
PROPERTY TAXES
