Listed by Commercial Realty Associates
$295,000
307 W COLLEGE Street
Details
APN 15-21-332-017
Property Type Multifamily
Sub Type Apartment Building
Units 1
NOI $41,635
Class A
Year Built 0
Lot Size (SqFt) 18,000
Zoning R-3
8 bd. property currently a fraternity h ouse with long lease.
Marketing description
BANK FORECLOSURE! This large home is currently a fraternity house and would make a good rooming house, also. There are 2 first-floor bedrooms and 7 upstairs with a bath on each level. The first floor has some wood flooring, tile and the rest carpet; upstairs varies. Ceiling height is over 9' on the first floor. All rooms are spacious with lots of light. There is exterior access to the basement in addition to indoor access. This should have a good walking score: Just 2 blocks from downtown Carbondale and 3 from the campus of Southern Illinois University.
Listing Contacts
Listed by Commercial Realty Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$41,635.00
$3,469.58/mo
Valuation Metrics
0
DSCR
14.11%
Cap Rate
14.11%
ROI
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