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1832 Cleveland Blvd
Granite City, IL 62040
Multi-Family Investment Opportunity · Multifamily Property For Sale
·
12 Units
Executive Summary
13 Unit all-brick apartment complex consisting of 2 buildings. There are (8) 1 Bedroom units and 4 studio apartments. The basement is available as an apartment. Fully leased out to Chestnut Health Systems, with the exception of the basement. Landlord pays property taxes, insurance, and utilities.
Located approximately 10 miles northeast of St. Louis, MO and is part of the Metro-East region. The city is home to several parks, restaurants, and businesses.
Located approximately 10 miles northeast of St. Louis, MO and is part of the Metro-East region. The city is home to several parks, restaurants, and businesses.
Property Facts
| Price Per Unit | $173,784 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6.20% | Building Size | 5,580 SF |
| Gross Rent Multiplier | 12.97 | No. Stories | 1 |
| No. Units | 12 | Year Built | 1980 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | MF - Multi Family | ||
| Price Per Unit | $173,784 CAD |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| Gross Rent Multiplier | 12.97 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 5,580 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Opportunity Zone |
Yes |
| Zoning | MF - Multi Family |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
Property Taxes
| Parcel Number | 22-2-19-24-08-204-005 | Improvements Assessment | $86,669 CAD |
| Land Assessment | $5,408 CAD | Total Assessment | $92,078 CAD |
Property Taxes
Parcel Number
22-2-19-24-08-204-005
Land Assessment
$5,408 CAD
Improvements Assessment
$86,669 CAD
Total Assessment
$92,078 CAD
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