$ 1,475,000
-
$1,475,000
Price -
1
Bed -
1
Bath -
5,580
SqFt
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About the Listing E909 - GRECA
Turnkey Investment with Guaranteed Income & Expansion Potential! This 12-unit apartment complex is a prime investment opportunity, generating $11,500 in contracted monthly income. The tenant handles full property management and rehabs units as needed, ensuring a truly passive income stream for the owner. The complex consists of 8 one-bedroom units and 4 efficiency units, all fully furnished by the tenant. Additionally, there is a 3,000 sq. ft. basement that is not currently leased, presenting a valuable opportunity for additional income. Second building has 4ft crawl. On-site laundry facilities in the basement provide further convenience and revenue potential. The owner covers utilities, insurance, and major maintenance, including roof, HVAC, and hot water heaters. Some units have been recently updated with new HVAC systems and hot water heaters. The roof is newer, adding to the long-term stability of this investment.
Listing Highlights for 1832 Cleveland Boulevard
Status
Active
Days on Site
203
Property Type
Multi-Family
MLS ®
25009018
Year Built
1980
Total Square Footage
5,580
Lot/Acreage
0.23
County
Madison
Neighborhood
N/A
School District
Granite City DIST 9
Elementary School
Granite City Dist 9
Middle School
Granite City Dist 9
High School
Granite City
Interior Details
- Bedrooms: 1
- Bathrooms: 1 Full
- Appliances: Gas Water Heater
- Air Cond: Central Air,Electric
- Heating: Forced Air,Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 5580
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 80 x 125
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $5,149
- Taxes w/Assessments: N/A
- Tax/Property ID: 22-2-19-24-08-204-005
- Tax Year: 2023
Payment Calculator
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Listing Location
Questions About..
1832 Cleveland Boulevard Granite City, IL 62040
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