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33334058
33334057

5991 Kinmundy Road, Louisville, IL 62858

WILEY REALTY GROUP
Listed by WILEY REALTY GROUP
$198,000
10 days on market
Updated 3 days ago

5991 Kinmundy Road

Details
APN 0526200002
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Units 8
NOI $18,000
Year Built 1947
Stories 2
Acreage 1.440
Zoning OTHER

Multifamily | 8 Units

Marketing description

Investment opportunity with endless potential! This unique multi-family property features a barn-style apartment complex offering 6 available units, plus an additional 4-bedroom, 2-bathroom home currently configured as two separate apartments with an attached garage. Situated on approximately 1.4 acres (to be surveyed and divided from the original 34-acre parcel), this property offers multiple income-producing opportunities in one convenient location. The barn-style apartments offer tons of character and opportunity but will require finishing work and improvements, making this an ideal project for an investor or buyer looking to add value and customize the space to their vision. With several units available and ready for updates, there is significant potential to increase rental income and overall property value. The additional home provides even more flexibility with two apartment-style living spaces, creating multiple streams of rental income all on one property. Whether you're looking to expand your investment portfolio, renovate and rent, or create a unique multi-family setup, this property is packed with potential. Bring your ideas and vision, opportunities like this don't come around often!
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Listing Contacts

WILEY REALTY GROUP
Listed by WILEY REALTY GROUP

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$18,000.00
$1,500.00/mo

Valuation Metrics

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DSCR
9.09%
Cap Rate
9.09%
ROI

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