326 West H Street
$450,000
—
5,760
5,760
$78
Description
Prime Investment Opportunity in the Heart of Belleville located just minutes from the square. This well-maintained property features eight units: four spacious one-bedroom apartments and four comfortable two-bedroom apartments offering flexibility to any potential renter's living situation. Tenants enjoy the convenience of coin-operated laundry and ample parking, all while benefiting from the property’s private, tucked-away setting. Current rents are significantly below market, offering savvy investors...Prime Investment Opportunity in the Heart of Belleville located just minutes from the square. This well-maintained property features eight units: four spacious one-bedroom apartments and four comfortable two-bedroom apartments offering flexibility to any potential renter's living situation. Tenants enjoy the convenience of coin-operated laundry and ample parking, all while benefiting from the property’s private, tucked-away setting. Current rents are significantly below market, offering savvy investors an exceptional opportunity to increase cash flow and build equity quickly. Owner covers W/S/T Cap rate: 6.46% Rents: 775, 675, 650, 775, 650, 648 (sec 8 assisted), 650, 775. Whether purchased individually or as part of a package (see MLS#24073225), this property is poised for growth. Don’t miss out on this incredible chance to expand your portfolio! Seller is willing to take 20% 2nd mortgage at 7% amortize for 15yrs, first payment due at 30 days after closing, balloon at 3yrs
- Listed by Christopher Kelly • Real Broker LLC
Amenities
- Air Conditioning
- Forced Air
- Laundry
- Laundry in Building
- Parking Included
- Parking Lot
LISTING UPDATED: 12/15/2024 02:32 PM
Property Details for 326 West H Street
Status | Active |
---|---|
MLS # | 24073227 |
Days on Market | 15 |
Taxes | $8,856 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial Sale / Multi-Family 5+ |
Year Built | 1976 |
Lot Size | 0.15 AC / 6,534 SF |
County | St. Clair County |
Building Information for 326 West H Street
Stories-Residences8Year Built1976Building Size-Lot Size0.15 AC / 6,534 SF
Property Information for 326 West H Street
Property History for 326 West H Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 326 West H Street
Taxable ValueLand$4,070Additions$90,281Total$94,351
Tax Record2023$8,856 ($738 / month)
Home Facts
Total Finished SqFt2,880 SqFtAbove Grade Finished SqFt2,880 SqFtLot Size6,534 SqFtStyleMulti-Family Res (5+ Units)Year Built1976CountyST. CLAIRAPN08-21-0-216-027
Schools near 326 West H Street
This home is within Belleville School District 118.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Franklin Elementary School PublicK to 6 | ||
Central Jr High School Public7 to 8 | ||
Belleville High School-East Public9 to 12 | ||
Belleville High School-West Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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