$ 5,750,000
-
$5,750,000
Price -
3
Bed -
3
Bath -
64,800
SqFt
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About the Listing CBRE01 - MBUKHSHT
Pheasantwood Apartments is a 96-unit, garden-style apartment community on 4.95 acres in Belleville, IL. Built in 1980 & 1985, the property includes 64,800 SF throughout 12 buildings. Well-performing multifamily asset that is primed for rent upside. All units are in classic or near classic condition allowing the opportunity for new ownership to have immediate value-add by updating units and pushing rents further over a new ownership period. Highlights: ? 96-unit multifamily asset in a quiet tree-lined neighborhood in Belleville ? Below-market rents allowing immediate value-add for new ownership ? Favorable mix of 1 and 2-bedroom floor plan styles ? All units have washer and dryer connections ? Ample parking of 120 spaces ? Belleville’s average household income of $79,952 reflects a solid middle-class foundation with considerable consumer spending power ? Strong in-place cash flow Property includes the following parcels: 1 Pheasantwood: 62226 08-08.0-420-004 3 Pheasantwood: 62226 08-08.0-420-011 5 Pheasantwood: 62226 08-08.0-420-009 7 Pheasantwood: 62226 08-08.0-420-007 8 Pheasantwood: 62226 08-08.0-420-006 9 Pheasantwood: 62226 08-08.0-420-005 10 Pheasantwood: 62226 08-08.0-420-001 12 Pheasantwood: 62226 08-08.0-420-003 13 Pheasantwood: 62226 08-08.0-419-002 14 Pheasantwood: 62226 08-08.0-419-004 15 Pheasantwood: 62226 08-08.0-419-003 16 Pheasantwood: 62226 08-08.0-419-001
Listing Highlights for 1 Pheasantwood Dr
Status
Active
Days on Site
51
Property Type
Multi-Family
MLS ®
25062321
Year Built
1985
Total Square Footage
64,800
Lot/Acreage
4.95
County
St. Clair
Neighborhood
West Pheasantwood Court
School District
Belleville DIST 118
Elementary School
Belleville Dist 118
Middle School
Belleville Dist 118
High School
Belleville High School-West
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Central Air,Electric
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
- Parking Features: On Site
Financial Details
- Tax Amount: $8,753
- Taxes w/Assessments: N/A
- Tax/Property ID: 08-08.0-420-004
- Tax Year: 2023
Payment Calculator
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Listing Location
Questions About..
1 Pheasantwood Dr Belleville, IL 62226
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