505 West Cleveland Avenue
Multifamily | 8.80% CAP | 9 Units
Listing Contacts
License: IL IL 475209285
License: MO 2019029904, IL 475188628
Active
Asking Price: $350,000
Address
505 W Cleveland Ave, Belleville, IL 62221
Show on MapDate Added
Jul 31, 2024
Days on Market
235 days
Time Since Last Update
11 days
Details
Property TypeMultifamily
SubtypeApartment Building
Square Footage4,722
Price/Sq Ft$74.12
Cap Rate8.80%
NOI$30,672.21
Units9
Year Built1969
Year Renovated2024
Stories2
ZoningMulti-Family
Lot Size (acres)0.55
Parking (spaces)14
APN08-28-0-035-024
Marketing Description
3,222 SF Apartment and 1,500 SF single family home on one parcel. 8 Apartment units. Roof was replaced in 2024. Other tenant improvements include 505 B replaced stove and refigerator, 509 A repaired central air, Furnish in all units besides 505 C & B have been replaced. Single family home ac, furnish and hot water heater replaced in 2022.
505 West Cleveland Ave is located in Belleville, Illinois, a city in St. Clair County, which is part of the Metro East region of the Greater St. Louis metropolitan area. The property is situated in a residential area, with easy access to major highways and amenities. There are ten schools within a 5-mile radius of the property, including elementary, junior high, and high schools.
Investment Highlights
- Roof Replaced in 2024
- Asphalt 2014
- 505 B replaced stove and refrigerator
- 509 A repaired central air
- Furnish in all units besides 505 C & B have been replaced
- Single family home AC, furnish and hot water heater replaced in 2022
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,672.21
$2,556.02/mo
Valuation Metrics
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0
DSCR
8.76%
Cap Rate
8.76%
ROI
Due Diligence
Listing Contacts
- License: IL IL 475209285
- License: MO 2019029904, IL 475188628
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Broker Information
Broker Information
Broker Name
Katie Bush
Broker License
IL IL 475209285
Brokerage Address
1173 Fortune Boulevard, Shiloh, United States 62269
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