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    405 Ash St Carbondale, IL 62901

    Sponsored
    For Sale
    $1,588,100

    23 Properties, 39 Units, High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional investment opportunity encompasses a portfolio of 23 individual properties in Carbondale, Illinois, totaling 39 rental units and 118 bedrooms. Currently configured as apartments, these free-standing houses offer significant flexibility, easily adaptable for single-family occupancy. The portfolio presents a substantial income potential, projected at $432,000 annually. The properties are being sold "as is," allowing for immediate customization and rent adjustments to maximize returns. Most units boast ample on-site parking, a significant advantage in a competitive rental market. This is the largest package of individual rental housing currently available in Carbondale, representing a unique chance to acquire a substantial and established rental portfolio. Detailed property information for each of the 23 individual properties is available upon request, along with all necessary disclosures. This presents a rare opportunity to acquire a significant rental property portfolio in a thriving market, offering substantial potential for immediate and long-term income generation. The seller is retiring and has chosen not to rent the units, providing a blank slate for the new owner to set rental rates. This is a turnkey investment opportunity with significant upside potential. Don't miss this chance to acquire a substantial and established rental portfolio in Carbondale, IL.

    Property Features for 405 Ash St

    General Information

    Property type
    Other commercial real estate
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.21931
    Latitude
    37.72383

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    FAQs

    What type of property is this?
    Commercial real estate - 23 Properties, 39 Units, High Potential
    Where is this commercial real estate located?
    The property is located at 405 Ash St Carbondale, IL.
    What is the asking price?
    The asking price for this property is $1,588,100.
    Request Owner's contact information
    405 Ash St Carbondale, IL 62901
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    Carbondale, IL 62901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    405 Ash St Carbondale, IL 62901
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