500 S Washington Street Carbondale, IL 62901

General Commercial Residence

Beds

Baths

4,000 Sq. Ft.

0.23 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 9/23/2024 9:21 AM

Listing Details

INVESTMENT OPPORTUNITY: FULLY-RENTED 5-PLEX! Seize this rare opportunity to own a profitable 5-plex apartment building in a prime location! Fully rented and generating steady income, each of the five 2-bedroom, 1.5-bath units is currently leased at $650 or $675 per month. These townhouse-style uni...ts are well-maintained and feature spacious open main floors, ample closet space in the bedrooms, and in-unit laundry for tenant convenience. Situated just moments from the university, the strip, and the train station, this property offers an unbeatable location that appeals to a broad tenant base. Each unit comes complete with all necessary appliances, ensuring a hassle-free living experience for tenants. The property includes a well-lit, 10-space paved parking lot, providing ample parking for residents. Tenants are responsible for their own electric, water, and internet/cable expenses, while the landlord covers the cost of a dumpster and parking lot lighting. Additional financial incentives come from the property's location in a TIF (Tax Increment Financing) district, offering potential tax benefits to the new owner. Don’t miss this chance to invest in a thriving rental property with a strong return on investment! Contact us today to learn more and schedule a viewing. Continue reading

MLS#

EB454214

Property Type

General Commercial

Year Built

2007

Square Feet

4,000 sq. ft

Lot Size

0.23

Stories

2.0