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3 units in East Alton, IL 187 Goulding St 3 Unit Apartment Building $75,197 CAD ($25,066 CAD/Unit) 23% Cap Rate East Alton, IL 62024
Investment Highlights
- Cheap to maintain
- separate electric, water and gas meters
Executive Summary
GREAT INVESTMENT!!! Duplex and single family, total of 3 units. VACANT AND READY FOR REHAB!!! Separate electric, water and gas meters, no utility expenses! Close to a big city!!! CHEAP TO MAINTAIN!!! PROPERTY WILL GENERATE A 23%+ NET RETURN ON INVESTMENT!!! OVER $30K 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 |
$26,298
|
$20.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$26,298
|
$20.42
|
| Taxes |
$2,055
|
$1.60
|
| Operating Expenses |
$4,383
|
$3.40
|
| Total Expenses |
$6,438
|
$5.00
|
| Net Operating Income |
$19,861
|
$15.42
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $26,298 |
| Annual Per SF | $20.42 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $26,298 |
| Annual Per SF | $20.42 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,055 |
| Annual Per SF | $1.60 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $4,383 |
| Annual Per SF | $3.40 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $6,438 |
| Annual Per SF | $5.00 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $19,861 |
| Annual Per SF | $15.42 |
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 | $753.34 CAD | 700 - 704 |
| 1+1 | 2 | $684.85 CAD | 500 |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 19-2-08-16-17-303-029 | Total Assessment | $20,729 CAD (2024) |
| Land Assessment | $2,595 CAD (2024) | Annual Taxes | $2,055 CAD ($1.60 CAD/SF) |
| Improvements Assessment | $18,134 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
19-2-08-16-17-303-029
Land Assessment
$2,595 CAD (2024)
Improvements Assessment
$18,134 CAD (2024)
Total Assessment
$20,729 CAD (2024)
Annual Taxes
$2,055 CAD ($1.60 CAD/SF)
Tax Year
2025
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3 units in East Alton, IL | 187 Goulding St
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