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2447 24th Street

Granite City, IL 62040

Property Overview
Price: $150,000
City: Granite City
County: Madison-IL
Sale/Lease: Sale
Status: Active
MLS Number: 24073670
Property Description
Is it time to start your investment portfolio? Have some 1031X funds you need to identify? Ready to add 6 more doors? Here's an OPPORTUITY to INCREASE monthly CASH FLOW. Building consists of both ground & upper units. All-1bd/1ba. Some have bonus areas. 4 units are currently occupied. Rents total $2325/mo. Renovations for the 5th/6th unit needed for tenant placement. Numbers are estimates/may vary based on multiple factors. Selling AS IS & NO REPAIRS WILL BE MADE. Buyer responsible for municipal inspections. Inspections required for placement of current tenants were completed. Tenants pay electric. Seller pays w/s/t & lawn. Occupied units have refrigerator, stove & wall unit for heat. Some fixtures have been updated. Both sets of stairs to basement; upper landing & handrails have been rebuilt. Water heaters/supply lines have been updated. Coin operated laundry on site. Occupied units require notice and can be viewed after an accepted offer is in place. May need commercial financing.
Location
Featured Agent
Terry Gannon
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