Ref 1333 – 1107 Cedar, Lawrenceville, IL 62439

SOLD

Price: $120,000.00


Apartment Complex with 100% Occupancy! 4 – 2 Bedrooms apartments!


NEW LISTING

Ref 1334 – 1107 Cedar Street, Lawrenceville, IL 62439

$120,000

 

Buy Cash Flow and Passive Income with this Property! 

At Full List Price, Cap Rate on the Property is over 14%!

This investment property will make you money!

 

Income(s)

Apartment #1 – $475

Apartment #2 – $500

Apartment #3 – $500

Apartment #4 – $475

Coin Operated Machines – $50 to 60 a month Income

Approx. Monthly Income $2,000

  

This multi-family housing complex features 4 individual 2 bedroom 1 bath apartments along with large laundry on the lower level featuring coin op machines in the facility to meet your tenants laundry needs! No need for them to haul to the laundry mat!

Property also features ample on street parking however the real benefit is dedicated off street parking In the rear of the property with secondary access from the West.

 Some Features of the Money Making Property!

Passive Gross Income of around $2,000 a month

Hard-surface / Blacktop Driveway to Rear Covered Parking

Recent Exterior Paint

Electrical Service on Breakers

Each Unit has Separate Panel Box for Individual Needs

Recent Roof Work

Many Replacement Vinyl Windows

Many Replacement Door (Interiors & Exteriors)

Lower Level Front, Lower Level Rear, Upper Level Rear Entrances

Updated Hallway Paint & Flooring

Updated Apartment Flooring in Many of the Units

 

Contact listing agent Zane Parrott at 812-890-5452 by text or call for more information or to schedule showing, please call our office at 618-943-4905!

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Gallery: Ref 1333 Photo Gallery

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Contact: AGENT

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