Your opportunity to acquire a turnkey 64-unit income-producing multi-family portfolio in Granite City, Illinois. This property offers a diverse mix of 64 residential units, including: – One-bedroom / one-bathroom apartments – 24 Units (770 sq ft each unit) – Two-bedroom / one-bathroom apartments – 24 Units (900 sq ft each unit) – Two-bedroom / 1.5-bathroom townhomes – 16 Units (1050 sq ft each unit) – One single-family home – 1200 sq ft Property Highlights – Unit Mix Variety: Appeals to a wide tenant base. – Fully leased, delivering investors immediate income. – Strong Cap Rate: At an impressive 8.29% cap rate, this asset offers competitive returns. – Parking & Access: Assigned parking for tenants plus additional visitor spaces ensure ease of use for residents and guests. -Onsite Laundry – 3 convenient coin-operated laundry facilities. – Security & Privacy: The community is fully enclosed with a privacy fence and secured through a gated main entry with a guard shack, providing peace of mind for residents. – Community Features: Multiple courtyard spaces / 2 blocks from Wilson Park, a 74-acre city park that has been in operation since 1921, serving as a cornerstone for community activities. Offering includes parcel numbers – 22-2-20-07-19-402-014 – Buildings 1&2 , 22-2-20-18-07-201-012 -2681 Center St., 22-2-20-18-07-201-009 – 2702 Center St. (Single Family), 22-2-20-07-19-402-013 – 2706-2734 Center St – WILL NOT DIVIDE
2701 Center Street
Granite City, Illinois 62040, United States
- Square Footage: 138,085 Sqft
