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3 units in East Alton, IL 187 Goulding St 3 Unit Apartment Building $108,584 CAD ($36,195 CAD/Unit) 18.15% Cap Rate East Alton, IL 62024
Investment Highlights
- Cheap to maintain
- long term tenants
- Fully rented
- separate electric, water and gas meters
Executive Summary
GREAT INVESTMENT!!! Duplex and single family, total of 3 units. Fully rented, long term tenants.. Separate electric, water and gas meters, no utility expenses! Close to a big city!!! CHEAP TO MAINTAIN!!! PROPERTY WILL GENERATE A GREAT NET RETURN ON INVESTMENT!!! OVER $15K IN VALUE ADD!!! Do not miss out on this investment opportunity.
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$26,093
|
$20.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$26,093
|
$20.26
|
| Taxes |
$2,038
|
$1.58
|
| Operating Expenses |
$4,349
|
$3.38
|
| Total Expenses |
$6,387
|
$4.96
|
| Net Operating Income |
$19,705
|
$15.30
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $26,093 |
| Annual Per SF | $20.26 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $26,093 |
| Annual Per SF | $20.26 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,038 |
| Annual Per SF | $1.58 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $4,349 |
| Annual Per SF | $3.38 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $6,387 |
| Annual Per SF | $4.96 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $19,705 |
| Annual Per SF | $15.30 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Tub/Shower
- Yard
- Basement
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $747.45 CAD | 700 - 704 |
| 1+1 | 2 | $679.50 CAD | 500 |
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Property Taxes
| Parcel Number | 19-2-08-16-17-303-029 | Total Assessment | $20,303 CAD (2024) |
| Land Assessment | $2,541 CAD (2024) | Annual Taxes | $2,038 CAD ($1.58 CAD/SF) |
| Improvements Assessment | $17,762 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
19-2-08-16-17-303-029
Land Assessment
$2,541 CAD (2024)
Improvements Assessment
$17,762 CAD (2024)
Total Assessment
$20,303 CAD (2024)
Annual Taxes
$2,038 CAD ($1.58 CAD/SF)
Tax Year
2025
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3 units in East Alton, IL | 187 Goulding St
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