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
