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9607 W Main St
8 Unit Apartment Building $500,000 ($62,500/Unit) 9.80% Cap Rate Belleville, IL 62223
Executive Summary
8 unit (1B/1B) apartment complex on West Main St. in Belleville IL. Recently renovated and re-tenanted by ownership at market rates. Recent improvements include new sewer lateral, security camera and flood lights, 5 new AC units, new appliances, new water heaters.
Located on West Main St., in Belleville near banks, restaurants, gas stations and Metro Link. Situated only 2.5 miles off I-64 & 3.5 miles off I-255. 10 minutes from Downtown St. Louis.
Located on West Main St., in Belleville near banks, restaurants, gas stations and Metro Link. Situated only 2.5 miles off I-64 & 3.5 miles off I-255. 10 minutes from Downtown St. Louis.
Property Facts
| Price | $500,000 | Apartment Style | Low Rise |
| Price Per Unit | $62,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 9.80% | Building Size | 5,000 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment |
| Price | $500,000 |
| Price Per Unit | $62,500 |
| Sale Type | Investment |
| Cap Rate | 9.80% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,000 SF |
| No. Stories | 2 |
| Year Built | 1960 |
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PROPERTY TAXES
| Parcel Number | 02-35.0-213-010 | Improvements Assessment | $62,686 |
| Land Assessment | $3,035 | Total Assessment | $65,721 |
PROPERTY TAXES
Parcel Number
02-35.0-213-010
Land Assessment
$3,035
Improvements Assessment
$62,686
Total Assessment
$65,721
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9607 W Main St
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