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$375,000
Est. payment /mo
UPDATED:
Key Details
Property Type Single Family Home, Vacant Land
Listing Status Pending
Purchase Type For Sale
Subdivision Lafayette Place
MLS Listing ID 25041158
Year Built 1964
Acres 0.22
Property Description
Turnkey 6-unit multifamily investment opportunity in Cahokia Heights. This fully occupied, professionally managed property features six 2-bedroom, 1-bath units with updated interiors and strong rental income. Recent renovations in 2022 and individual metering provide low-maintenance ownership. Located directly behind the post office and across from Cahokia High School. Current asking rents are $975/month per unit, generating a projected 2025 gross income of $55,608. With a 7.93% CAP rate and solid tenant base, this is a cash-flowing asset perfect for any investor.
Location
State IL
County St. Clair
Interior
Cooling Central Air
Fireplace N
Building
Architectural Style Traditional
Structure Type Brick
Schools
Elementary Schools Cahokia Dist 187
Middle Schools Cahokia Dist 187
High Schools Cahokia
School District Cahokia Dist 187
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listing As Is
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Listed by Brendan Barone • Kunkel Wittenauer Group, Inc
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