Ref 1333 – 1107 Cedar, Lawrenceville, IL 62439
Apartment Complex with 100% Occupancy! 4 – 2 Bedrooms apartments!
Ref 1334 – 1107 Cedar Street, Lawrenceville, IL 62439
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!
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!