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405 Ash St Carbondale, IL 62901

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For Sale
$1,588,100

23 Properties, 39 Units, High Potential

Property Features for 405 Ash St

General Information

Property type
Other commercial real estate

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Listing Contact
Rolf Schilling

Listing Agency: COMMERCIAL REALTY ASSOCIATES Listing Agent: Rolf Schilling

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

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.
More about this property
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