320 W H Street
Belleville, IL 62226
Listed: December 2, 2024 (25 days)
Text for showing or question.

$500,000 $450,000
MLS# 24073225
Commercial Sale
Status: Active

320 W H Street
Belleville, IL 62226

$450,000 $500,000
Status: Active
Text for showing or question.

Bedrooms

Beds

Bathrooms

Bath

5760

Sq Ft Above Grade

Sq Ft

0.31
Acres

MLS# 24073225

Days On Market: 25

Listed: Monday December 2, 2024 (25 days)

Times this home has been viewed: 216

Prime Investment Opportunity in the Heart of Belleville located just minutes from the square. This property features eight units: four spacious one-bedroom apartments and four comfortable two-bedroom apartments offering flexibility to any potential renter's living situation. Tenants enjoy the convenience of coin-operated laundry and ample parking, all while benefiting from the property’s private, tucked-away setting. Current rents are significantly below market, offering savvy investors an exceptional opportunity to increase cash flow and build equity quickly. Owner covers W/S/T Cap rate: 5.96% Rents: 765, 575, 503 (sec 8 assisted), 675, 630 (sec 8 assisted), 675, 675, 775. Whether purchased individually or as part of a package (see MLS#:24073227), this property is poised for growth. Don’t miss out on this incredible chance to expand your portfolio! Seller is willing to take 20% 2nd mortgage at 7% amortize for 15yrs, first payment due at 30 days after closing, balloon at 3yrs

Property Description

Photo: 3