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Residential Rentals Subdivision 36 Units 1 Multifamily Properties Offered at $2,590,000 in Carbondale, IL
INVESTMENT HIGHLIGHTS
- Well established Residential Subdivision. Some units have Zero Lot lines as well.
- owner licensed in Illinois as a Real Estate Broker
- Gross Annual income includes 2 units still being remodeled and not actively receiving rents yet.
EXECUTIVE SUMMARY
Prime Residential Residence subdivision with duplexes, four plexes and tri plexes.
May be willing to sell in smaller packages vs the whole subdivision. Please call 618-534-3337 to discuss with Kimberly Hall who is the owner and is
a licensed Real Estate Broker in Illinois.
Located close to SIH Medical System and SIUC, our properties provide the most popular units in the
East Side of Carbondale. With three styles to choose from, all units are unique, affordable and remodeled. Rent ranges from $750 to $1200 depending on the unit. Refrigerator, range, washer, dryer and most have dishwashers that are provided.
34 of 36 units are occupied. 2 of the 36 units are currently being used for storage. The Annual Rental income potential includes these 2 units as finished and ready to occupy. The
new owner will need to finish the remodeling. All units are 2 bedrooms. The 2 story Townhome floor plans have 1.5 and/or 1.75 baths. The Duplex 2 bedroom units have 1 bath each. There
are 2 Tri-plex buildings, 5 Duplexes buildings and 5 - Four-plex buildings equally 12 residential rental buildings. There is also a Pool House and inground pool in the center of the
subdivision. The pool has not been opened since 2020. Quality finishings through out. Owner is a Licensed Real Estate Broker in Illinois.
Schedule your tour now.
May be willing to sell in smaller packages vs the whole subdivision. Please call 618-534-3337 to discuss with Kimberly Hall who is the owner and is
a licensed Real Estate Broker in Illinois.
Located close to SIH Medical System and SIUC, our properties provide the most popular units in the
East Side of Carbondale. With three styles to choose from, all units are unique, affordable and remodeled. Rent ranges from $750 to $1200 depending on the unit. Refrigerator, range, washer, dryer and most have dishwashers that are provided.
34 of 36 units are occupied. 2 of the 36 units are currently being used for storage. The Annual Rental income potential includes these 2 units as finished and ready to occupy. The
new owner will need to finish the remodeling. All units are 2 bedrooms. The 2 story Townhome floor plans have 1.5 and/or 1.75 baths. The Duplex 2 bedroom units have 1 bath each. There
are 2 Tri-plex buildings, 5 Duplexes buildings and 5 - Four-plex buildings equally 12 residential rental buildings. There is also a Pool House and inground pool in the center of the
subdivision. The pool has not been opened since 2020. Quality finishings through out. Owner is a Licensed Real Estate Broker in Illinois.
Schedule your tour now.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$375,000
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$375,000
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$101,000
|
| Net Operating Income |
$274,000
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $375,000 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $375,000 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $101,000 |
| Net Operating Income | |
|---|---|
| Annual | $274,000 |
PROPERTY FACTS
| Price | $2,590,000 | Number of Properties | 2 |
| Price / SF | $176.19 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 14,700 SF |
| Status | Active | Total Land Area | 4.63 AC |
| Price | $2,590,000 |
| Price / SF | $176.19 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 14,700 SF |
| Total Land Area | 4.63 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 71 Village Dr, Carbondale, IL 62902 | Multifamily | 14,700 SF | 1973 | - |
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Five Star Realty
Residential Rentals Subdivision 36 Units
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