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3 units in East Alton, IL 187 Goulding St 3 Unit Apartment Building $110,654 CAD ($36,885 CAD/Unit) 18.15% Cap Rate East Alton, IL 62024

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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 $26,590 $20.64
Other Income - -
Vacancy Loss - -
Effective Gross Income $26,590 $20.64
Taxes $2,077 $1.61
Operating Expenses $4,432 $3.44
Total Expenses $6,509 $5.05
Net Operating Income $20,081 $15.59

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income (CAD)
Annual $26,590
Annual Per SF $20.64
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $26,590
Annual Per SF $20.64
Taxes (CAD)
Annual $2,077
Annual Per SF $1.61
Operating Expenses (CAD)
Annual $4,432
Annual Per SF $3.44
Total Expenses (CAD)
Annual $6,509
Annual Per SF $5.05
Net Operating Income (CAD)
Annual $20,081
Annual Per SF $15.59

PROPERTY FACTS

Price $110,654 CAD
Price Per Unit $36,885 CAD
Sale Type Investment
Cap Rate 18.15%
Sale Condition Lease Option
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Low-Rise
Lot Size 0.20 AC
Building Size 1,288 SF
Average Occupancy 100%
No. Stories 1
Year Built 1920
Parking Ratio 2.33/1,000 SF
Zoning MF - Multi-Family

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 $761.70 CAD 700 - 704
1+1 2 $692.45 CAD 500
  • Listing ID: 38507892

  • Date on Market: 2025-11-19

  • Last Updated:

  • Address: 187 Goulding St, East Alton, IL 62024

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