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818-874 Lincoln Hwy
Fairview Heights, IL 62208
22-Unit Multi-Family Apartment Complex · Multifamily Property For Sale
·
22 Units
INVESTMENT HIGHLIGHTS
- Prime location on Hwy 50 with strong traffic counts
- 33 off-street parking spaces for tenant convenience
- CAP rate of 8% with stable tenancy and upside potential
- Three buildings with updated roofs and central HVAC
- Renovated in 2009 with well-maintained interiors
- Excellent connectivity to I-64 and Metro-East retail corridor
EXECUTIVE SUMMARY
3 Building Apartment Complex Available for sale. (22) 1 Bed/1 Bath Units in excellent condition, each unit is very well maintained.
PROPERTY FACTS
| Price Per Unit | $111,039 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.79 AC |
| Cap Rate | 8% | Building Size | 13,200 SF |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2009 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi-Family | ||
| Price Per Unit | $111,039 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.79 AC |
| Building Size | 13,200 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2009 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Heating
- Kitchen
SITE AMENITIES
- Recycling
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 22 | - | 600 |
PROPERTY TAXES
| Parcel Number | 03-27.0-405-043 | Improvements Assessment | $432,531 CAD |
| Land Assessment | $83,585 CAD | Total Assessment | $516,116 CAD |
PROPERTY TAXES
Parcel Number
03-27.0-405-043
Land Assessment
$83,585 CAD
Improvements Assessment
$432,531 CAD
Total Assessment
$516,116 CAD
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