Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1972
Sq.Footage
7,800
Prime investment opportunity! First time on the market in 30 years for two 12-unit apartment buildings in highly sought after park like location. This property features 21 two bedroom/one bath units, 3 one bedroom/one bath units, and ample parking on 1.07 acre lot close Scott AFB, Fairview Heights, Belleville, and MetroLink. 23 units currently rented with 1 one bedroom apartment available for immediate rental. Tenants pay water, sewer, and electric. Each building has coin operated laundry. 1460 Morgan has storage lockers for tenants. 10 x 12 storage shed on site for property manager use. Owner has meticulously maintained the property with routine maintenance as needed over the years. City of Swansea Occupancy inspections have been completed with each vacancy. Don't miss your chance to own a significant income asset with excellent potential. Properties to be sold together and not separately.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
7800.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Forced Air, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick Veneer, Concrete, Block
-
Parking
Assigned, Guest, Open, Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
1.07
-
Lot Size(square feet)
46609.0
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Low/1-2
Price
-
Sales Price
$1,650,000
-
Tax Amount
$25,093
-
Sq. Footage
7, 800
-
Price/SqFt
$211
HOA
-
Association
No
School District
-
Elementary School
HIGH MOUNT DIST 116
-
Middle School
HIGH MOUNT DIST 116
-
High School
Belleville High School-West
Property Features
-
Ownership
Owner by Contract
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
St. Clair
Elementary School
HIGH MOUNT DIST 116
Middle School
HIGH MOUNT DIST 116
High School
Belleville High School-West
Listing Courtesy of Betsy Butler , RE/MAX Alliance
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AGENT
Franko Maric
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