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Belleville Multifamily Portfolio 5 biens • Immeuble residentiel • À vendre 3 907 753 $ CAD • Belleville, IL
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Long term tenants with no rental increase allows for major upside
- Five well-located assets totaling 46 units
- Value-add potential through rent optimization and light renovations
- Stabilized income stream with strong occupancy
- Recent capital improvements across multiple properties
- Positioned in a growing Metro East market with solid fundamentals
RÉSUMÉ DE L'ANNONCE
Belleville Multifamily Portfolio – 46 Units
Offered at $2,799,410 - 8.5% Cap Rate
Gateway Commercial Real Estate is proud to present a rare opportunity to acquire a stabilized, cash-flowing 46-unit multifamily portfolio in Belleville, Illinois. This diverse collection of properties combines strong in-place income, solid occupancy, and meaningful upside through rent growth and minor capital improvements.
Strategically located across desirable residential neighborhoods, each property offers proximity to retail, schools, healthcare, and employment centers within the Metro East region of St. Louis.
Portfolio Overview
Total Units: 46
Total Asking Price: $2,799,410
Average Price per Unit: $60,856
Current Cap Rate: 8.5%
Occupancy: Approximately 97%
Ownership Motivation: Retirement and full portfolio disposition
Property Highlights:
Scheel Street Apartments (12 Units)
Gettysburg Drive Apartments (304 & 308) – 8 Units
Fourscore Court Apartments (41 Fourscore) – 4 Units
Woodcliffe Drive Apartments – 8 Units
East Belle Street Apartments – 14 Units
Investment Highlights
Stable Cash Flow: All properties are 90–100% occupied with strong rent history.
Value-Add Opportunity: Room to adjust rents to market levels and continue light renovations.
Attractive Basis: Priced at just $61K per unit—well below replacement cost.
Geographic Diversity: Five well-located assets throughout Belleville’s stable submarkets.
Location Advantages
Belleville is one of the largest communities in the Metro East market, offering convenient access to downtown St. Louis, major employers, and Scott Air Force Base. The area benefits from strong rental demand, affordable housing stock, and limited new multifamily construction, providing a favorable long-term investment environment.
Contact:
Gateway Commercial Real Estate, LLC
Terry Heimann, Managing Broker
?? (618) 580-6390
?? TerryHeimann@Yahoo.com
Offered at $2,799,410 - 8.5% Cap Rate
Gateway Commercial Real Estate is proud to present a rare opportunity to acquire a stabilized, cash-flowing 46-unit multifamily portfolio in Belleville, Illinois. This diverse collection of properties combines strong in-place income, solid occupancy, and meaningful upside through rent growth and minor capital improvements.
Strategically located across desirable residential neighborhoods, each property offers proximity to retail, schools, healthcare, and employment centers within the Metro East region of St. Louis.
Portfolio Overview
Total Units: 46
Total Asking Price: $2,799,410
Average Price per Unit: $60,856
Current Cap Rate: 8.5%
Occupancy: Approximately 97%
Ownership Motivation: Retirement and full portfolio disposition
Property Highlights:
Scheel Street Apartments (12 Units)
Gettysburg Drive Apartments (304 & 308) – 8 Units
Fourscore Court Apartments (41 Fourscore) – 4 Units
Woodcliffe Drive Apartments – 8 Units
East Belle Street Apartments – 14 Units
Investment Highlights
Stable Cash Flow: All properties are 90–100% occupied with strong rent history.
Value-Add Opportunity: Room to adjust rents to market levels and continue light renovations.
Attractive Basis: Priced at just $61K per unit—well below replacement cost.
Geographic Diversity: Five well-located assets throughout Belleville’s stable submarkets.
Location Advantages
Belleville is one of the largest communities in the Metro East market, offering convenient access to downtown St. Louis, major employers, and Scott Air Force Base. The area benefits from strong rental demand, affordable housing stock, and limited new multifamily construction, providing a favorable long-term investment environment.
Contact:
Gateway Commercial Real Estate, LLC
Terry Heimann, Managing Broker
?? (618) 580-6390
?? TerryHeimann@Yahoo.com
FAITS SUR LA PROPRIÉTÉ
| Prix | 3 907 753 $ CAD | Nombre de propriétés | 5 |
| Prix/pi² | 175,79 $ CAD / pi² | Individuellement en vente | 0 |
| Taux de capitalisation | 8,50% | Taille totale du bâtiment | 22 230 pi² |
| Type de vente | Investissement | Superficie totale du terrain | 2,41 AC |
| Statut | Actif |
| Prix | 3 907 753 $ CAD |
| Prix/pi² | 175,79 $ CAD / pi² |
| Taux de capitalisation | 8,50% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 5 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 22 230 pi² |
| Superficie totale du terrain | 2,41 AC |
PROPRIÉTÉS
| NOM DE LA PROPRIÉTÉ/ADRESSE | TYPE DE PROPRIÉTÉ | TAILLE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
| 2101-2109 Scheel St, Belleville, IL 62221 | Immeuble residentiel | 10 000 pi² | 1984 | - |
| 7705-7709 Woodcliffe Dr, Belleville, IL 62223 | Immeuble residentiel | 4 300 pi² | 1971 | - |
| 304-308 Gettysburg Rd, Belleville, IL 62226 | Immeuble residentiel | 3 510 pi² | 1993 | - |
| 2127-2135 E Belle Ave, Belleville, IL 62221 | Immeuble residentiel | 2 380 pi² | 1995 | - |
| 41 Fourscore Dr, Belleville, IL 62226 | Immeuble residentiel | 2 040 pi² | 1993 | - |
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Belleville Multifamily Portfolio
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