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320 H Street

Belleville, IL 62226

Property Overview
Price: $450,000
City: Belleville
County: St Clair-IL
Sale/Lease: Sale
Status: Active
MLS Number: 24073225
Property Description
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
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Featured Agent
Daun Gooding Holdmeyer
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